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The Guardian - AU
The Guardian - AU
Business
Henry Belot

PwC scandal: PwC Australia reached confidential settlement with ATO months before tax scandal fallout revealed

PwC office
The Australian Taxation Office signed the settlement with PwC before the company was forced to divest its entire government services division for just $1 when the scandal broke. Photograph: Reuters

Embattled consultancy firm PwC Australia reached a settlement with the Australian Taxation Office months before the true scale of a scandal involving the misuse of confidential tax policy was publicly revealed.

Details of the settlement and the events that triggered it are not known and would not be divulged by PwC, but the timing of the deal has led the New South Wales Greens to warn the firm may have “secured some kind of a sweetheart deal before the full picture of wrongdoing had been exposed”.

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