The Tax Practitioners Board says that PricewaterhouseCoopers ignored its request for the names of nine partners put on leave in the wake of the tax leak scandal that has rocked the firm, with the regulator saying former executive Peter Collins was not the only partner who misused confidential information.
PricewaterhouseCoopers will put nine partners on leave and ringfence its government work in the wake of a tax policy leak scandal for which the embattled firm’s acting chief has issued an apology.
Treasury has referred the tax policy leak scandal engulfing PricewaterhouseCoopers to federal police for possible criminal investigation.
A sacked Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has been criticised for claiming that whistleblower protections introduced in 2019 “wouldn’t make sense” if they did not apply retroactively.
The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.
PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.
The daughter of a former ATO boss has been sentenced to eight years imprisonment over her role in an $105 million tax fraud involving payroll services company Plutus Payroll, with a judge finding she showed “no contrition” for her conduct.
A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has expressed concerns about the ATO’s potential involvement in distributing settlement funds, saying the department was unlikely to efficiently reunite group members with their money.
The tax commissioner has convinced a judge to throw out proceedings by Malaysian power company YTL Power seeking declarations that it does not owe capital gains tax from the sale of its stake in ElectraNet Pty Ltd.
A judge hearing a lawsuit by an ex-Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has ordered that the court first decide whether new whistleblower protections apply retrospectively.