Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Australia says police may investigate PwC’s government tax document leak.

The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg In... The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov
The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg In... The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov

Listen to the article now

On Monday, Australia said that PricewaterhouseCoopers (PwC) leaked government tax plans and that the subject may be forwarded to the Australian Federal Police.

The government, a PwC Australia client, has accused the firm of sharing sensitive information about new anti-tax avoidance measures with its corporate customers to win additional business in a severe violation of trust.

PwC Australia “committed to learning for our mistakes” after its CEO resigned last month.

“We’ve got Treasury looking at an investigation into what has occurred, and looking at whether criminal charges should be referred to the AFP,” Assistant Treasurer and Minister for Financial Services Stephen Jones told the ABC.

Some politicians want to stop the auditor from getting more government contracts.
“I think the PwC experience has been deeply, deeply troubling and we’ve already taken some steps but we will be taking further steps,” Treasurer Jim Chalmers told ABC Radio on Monday.

“I will say more about how we crack down on this inexcusable behavior,” he said.

PwC said last month that former Telstra and Optus CEO Ziggy Switkowski would lead an independent leak inquiry and submit his findings and recommendations in September.


Comment Template

You May Also Like

Breaking News

Donald Trump’s executive order challenging birthright citizenship has sparked intense legal, political, and social debates. Critics argue it defies constitutional precedent, specifically the 14th...

Breaking News

Bitcoin hits $100K in early 2025, marking a new era of crypto mainstream adoption fueled by institutional interest, regulatory clarity, and optimism surrounding crypto-friendly...

Business

A routine day in Washington, D.C., turned chaotic when law enforcement thwarted an attempted stabbing inside a business. The swift arrest of the unidentified...

Breaking News

Can AI reshape finance? Christine Ji’s *Business Insider* article explores ChatGPT’s 2025 predictions—from a bullish S&P 500 at 6,500 points to Bitcoin soaring to...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok