PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm. The scandal centres around a former tax partner who signed confidentiality agreements with the Australian Treasury between 2013 and 2018 to advise it on policy to crack down on tax avoidance by multinational firms. Australian tax authorities revealed in January that these agreements were breached, and a cache of partially redacted internal emails released in May in parliament showed the confidential information was shared with PwC staff to drum up business.
PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm.
SYDNEY, June 26 (Reuters) - PricewaterhouseCoopers (PwC)
Australia has moved to contain the fallout from a scandal over
the misuse of confidential government tax plans by selling its
government consulting unit to Allegro Fund.