Global consulting giant PwC tried to use confidential government tax plans to cultivate fresh business from notorious corporate tax avoiders.
Federal budget details are meant to remain secret until the Treasurer makes his official speech. One year,MPs got an inside tip.
Treasurer Jim Chalmers says the federal government is considering further action against PwC and former partners over a leak of confidential government tax plans. But he has declined to clarify whether criminal charges are being considered.
An 148-page document reveals the damning evidence that led to a former PwC partner being banned for leaking confidential government plans to combat tax avoidance.
A foolish attempt to help multinational companies avoid paying tax in Australia has backfired on the multibillion-dollar professional services industry,infuriating Canberra and potentially costing firms billions in fees.
Treasurer Jim Chalmers will toughen laws around tax agents who are involved in confidential talks about overhauling the tax system.
Australian taxpayers have been dudded by the PwC tax scandal,with the firm collecting at least $300 million a year in consulting work for federal departments.
A former PwC partner was banned by the Tax Practitioners Board after he was found to have leaked confidential government tax plans to staff and partners.
The Manhattan District Attorney’s Office argued for the top possible financial punishment under New York law.
Small businesses owed the tax office nearly $12 billion in unpaid tax - the majority of $33.4 billion owing.
Cancelling and delaying spending,while cracking down on tax dodging,will deliver Labor a $28.5 billion budget improvement.