Saturday, April 13, 2024

PwC monetised secret government tax information: O'Neill

 PwC monetised secret government tax information: O'Neill

Senator Deborah O'Neill raised revelations about PwC divulging confidential tax information in Parliament on May 9, 2023.


PwC Middle East partners to play key role in selection of UK boss


PwC tax scandal conduct an ‘outrage’, says Australian minister


In an exclusive interview with ITR, Andrew Leigh also endorsed new legislation designed to prevent multinationals using complex corporate structures to reduce taxes 

Exclusive interview: Andrew Leigh, Australia's assistant minister for competition, charities and treasury, has labelled PwC's behaviour in relation to its Australian tax leaks scandal an "outrage". Speaking to freelance reporter Tom Ravlic FIPA about a new Australian law designed to prevent multinationals from using complex corporate plumbing to cut taxes, Leigh also vowed to use further legislation to "get better standards" out of professional services firms. A must-read on ITR (International Tax Review)

‘Total cock-up’: QAR reform process hit by drafting bungle

Minister for Financial Services Stephen Jones has admitted a mistake in the drafting of the QAR bill which would have effectively banned commissions for general advice providers, putting life insurance call centres and most general insurance brokers out of business. The government will now remedy the error, but process will almost certainly delay financial advice reform.