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The Latest Breaking News from PwC

Afternoon Update: Stan Grant goes to police; building fire in central Sydney; and electricity bills go up again

A man has been charged with allegedly making threats against the ABC journalist, plus power costs rise to rise in July

The Guardian - AU

AFP boss received message about PwC from firm partner

A former NSW police commissioner, who now is a partner at PwC, contacted the AFP chief about the tax scandal as police started an investigation.

AAP

PwC agrees to 'stand down' staff who knew about Treasury tax leak from government contracts

Consulting firm PwC agrees to a government order to "stand down" any staff who knew about Treasury tax leaks from working on any existing or future government contracts.

ABC News

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PwC to remove staff involved in Australia tax leak scandal from govt work

PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday.

Reuters

Federal police confirm investigation into PwC

A police investigation has been launched into one of the big four consultancies PwC as the federal government seeks to review a range of contracts.

The New Daily

Building partially collapses in blaze – as it happened

This blog is now closed.

The Guardian - AU

PwC staff involved in tax leak cut from public work

Troubled consultancy firm PwC has promised to keep any staff involved with the tax leak scandal away from Commonwealth contracts.

AAP

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PwC partner Peter Collins referred to AFP over confidential tax policy disclosure

A PwC partner who shared confidential federal government tax policy information to boost business has been referred to the federal police.

The New Daily

Australia refers PwC tax document leak scandal to police

The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday.

Reuters

PwC referred to police over confidential disclosure

PwC has been referred to police by the Treasury Secretary after it shared confidential government policy to try and drum up business.

AAP

AFP investigating former PwC executive over using confidential Treasury information

The Australian Federal Police (AFP) launches a criminal investigation into a former executive of consulting firm PwC, after he used confidential Treasury information to benefit the firm's client base.

ABC News

Morning Mail: PwC warning, Rolf Harris dies, Lidia Thorpe hits out at ‘deceptive’ quotes

Consultancy firm used confidential information to seek more government work; disgraced entertainer dies aged 93; senator brands use of her image ‘underhanded’

The Guardian - AU

South West cities dominate PwC’s Good Growth for Cities Index top five

The report found that people are prioritising work-life balance more as post-pandemic changes to working patterns offer more flexibility

Birmingham Post

West Midlands cities rank above UK average for work-life balance and income - report

The 'Good Growth for Cities Index' examines issues such as commuting times, number of business start-ups and housing

Birmingham Post

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The National (Scotland)

Global city index sees Edinburgh, Glasgow and Aberdeen move up rankings

SCOTLAND’S biggest cities have moved up a UK-wide league table, which charts a basket of broad economic measures...

ABC News

TWU demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX edges lower on US debt talks — as it happened

The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an "obscene" record annual profit. And the Australian share market runs out of steam as US debt ceiling talks drag on.

ABC News

PwC in the firing line and AFP drawn in as Senate asks hard questions about conflict-of-interest drama

A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns.

AAP

Government eyes tougher response to PwC scandal

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

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The Guardian - AU

Morning Mail: Supermarkets profiteering claim, jobs growth welcomed, the battle for Bakhmut

Big supermarkets increased margins on food through the pandemic and cost-of-living crisis; Labor celebrating strong jobs growth; Ukraine rejects Russian claims to have captured Bakhmut

The Conversation

Consultants like PwC are loyal to profit, not the public. Governments should cut back on using them

The PwC scandal reveals appalling behaviour by an individual consultant and his company that provided consulting services to the federal government.

Fortune

Future of Finance: PwC’s Oliver on how 'fintech is becoming crypto'—and approaching the point where 'there is no paper money'

The PricewaterhouseCoopers partner also said that when the dust finally settles, most of the biggest names in finance won’t be going anywhere.

The Guardian - AU

Doubts over whether federal anti-corruption body could investigate PwC scandal

Legal experts say those at the heart of the allegations could escape the Nacc’s scrutiny on a technicality

Newsroom.co.nz

NZ 'too small' for PwC-style tax rort

Despite the tax advice scandal rocking the Australian business community, experts say the symbiotic relationship between the big four accounting firms and the New Zealand Government is apparently no cause for concern.

Evening Standard

How the Marandis became the most connected couple in London

After the Standard revealed links between Javad Marandi and a ‘dirty money probe’, Katie Strick tells the story of the rise of a tycoon

The Conversation

PwC scandal shows consultants, like church officials, are best kept out of state affairs

Australia’s Treasurer Jim Chalmers called it “an appalling breach of trust”. But the scandal involving the local arm of PricewaterhouseCoopers (PwC), the world’s second-largest professional services firm, is much worse than that.

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