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The Latest Breaking News from the Tax Practitioners Board

‘Thought they could do what they want’: How PwC went from ‘untouchable’ to pariah

The fall from grace of accounting giant PwC was one of the defining stories of 2023, with the saga forever having shaped the public’s understanding of the billions spent on consultancy.

Crikey

Taxpayers cop fines after using unregistered tax agent

An unregistered tax agent who unlawfully lodged hundreds of tax returns filled with dodgy deductions exposed her clients to ATO fines and unexpected tax bills.

AAP

Tax changes flagged to bolster system integrity

The Albanese government has announced a consultation process as part of its tranche of reforms to strengthen integrity and accountability in the tax system.

AAP

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Westpac axes PwC as embattled firm announces job cuts

Westpac has ended its relationship with external auditor PwC as the under-fire firm continues to face setbacks after a leaking scandal.

AAP

Big four consultancy firm partners could be banned from being on board of regulator after PwC scandal

Greens say Labor has agreed to stop senior executives or partners at firms from becoming board members of Tax Practitioners Board

The Guardian - AU

Stiffer penalties and increased ATO powers spearhead Labor’s tax overhaul

Treasurer Jim Chalmers to take aim at ‘blatant misconduct in our tax advice industry’ after PwC scandal

The Guardian - AU

Tax advisers who promote exploitation schemes to face $780 million penalty

An extensive federal government crackdown on misconduct will increase maximum penalties for advisers and firms promoting tax exploitation schemes from the present A$7.8 million to more than $780 million.

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What is the PwC tax scandal? Who is Peter-John Collins? Who knew about it? Why does it matter?

Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Here's how it happened, and what consequences the firm is facing.

ABC News

PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?

The Australian affiliate of PricewaterhouseCoopers is subject to a police investigation in a crisis that could have global implications

The Guardian - AU

Treasurer Jim Chalmers says naming of PwC partners placed on leave will happen 'in time'

Treasurer Jim Chalmers says the naming of partners at consulting giant PwC involved in misusing confidential government information will happen "in time".

ABC News

PwC asked to hand over more information amid new investigation into leaking of tax information

PriceWaterHouse Coopers insists it will comply with a request to hand over information to the Tax Practitioners Board looking into the leaking of confidential treasury documents.

ABC News

Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears

Senator Barbara Pocock has requested PwC release the names of partners understood to be involved, saying she is ‘confident they will reach the public’

The Guardian - AU

Senator alleges 'perception of contamination' as police investigate firm working inside its buildings

The Australian Federal Police has reasserted its ability to effectively investigate a former member of PwC, as the firm completes millions of dollars worth of contracts working alongside AFP staff.

ABC News

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The New Daily

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.

AAP

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.

Crikey

Rank hypocrisy: Seymour takes the fall as PwC enters reputation rehab mode

PwC touts itself as a ‘community of solvers’ with the aim of building trust and creating positive outcomes. Now the ugly truth is emerging.

People

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