Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » PwC Australia Disclosed Confidential Tax Information to Clients Other than Google’s
Business

PwC Australia Disclosed Confidential Tax Information to Clients Other than Google’s

Gazet InternationalBy Gazet InternationalOctober 1, 2023Updated:January 27, 20253 Mins Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn
PwC Australia admitted on Wednesday that it provided private information obtained from Australian government tax briefings to several clients, the first acknowledgement that clients other than Google got secret government tax plans.

According to PwC Australia, a former partner at the “big four” firm gave two clients sensitive knowledge regarding the commencement date of a new tax law targeting multinational corporations in 2015.

“Various other updates we can chat about if you get a moment,” the former partner wrote in an email to an unnamed international client.

Reuters discovered in July that Google was one of the companies with which PwC Australia provided confidential information, but the company declined to name any clients in the report, citing confidentiality. According to the firm, clients were not informed that the information was confidential.

The allegations are contained in a “statement of facts” issued by the firm in reaction to a national controversy sparked by the discovery that a former partner had disclosed confidential tax documents to colleagues in order to secure work with major corporations.

The 17-page document, on the other hand, includes a number of previously unreported disclosures by other partners, many of whom remain nameless, from government consultations on themes such as digital currency taxation and the “black economy.”

In 2017, a former partner released a sensitive Treasury report on an Organization for Economic Cooperation and Development tax instrument to colleagues and an unnamed client.

The crisis, which was first reported in January by tax officials and has since been fueled by a steady trickle of new information, has forced the departure of 12 partners, including the CEO, prompted public and private sector clients to freeze connections, and embroiled companies other than Google, including Uber and Facebook.

OVERHAUL OF GOVERNANCE
The statement of facts was released in conjunction with PwC Australia’s announcement on Wednesday of a substantial governance transformation following an external assessment that concluded a “whatever it takes” mentality to make money made it more difficult for employees to report wrongdoing.

The firm commissioned the governance assessment in May, and it found problematic practices that had gone “uncorrected for many years,” such as a board packed with senior PwC partners and a powerful CEO who was “not perceived to be accountable to the board.”

The assessment also discovered that the partnership’s “overly collegial” culture made personnel hesitant to call out misbehavior, particularly from “rainmakers” who were defined as “untouchables” to whom “the rules don’t always apply.”

“The AU partnership operates largely from a profit seeking perspective, sometimes at the expense of ethics and doing what’s right. I do not believe this aligns with our values,” a staff member is cited as stating in the review’s 2021 poll.

source
#AUSTRALIA #CONFIDENTIALITY #CONTROVERSY #DATASECURITY #GAZETINTERNATIONAL #GI #GIAWARDS #GOOGLE #INFORMATIONSECURITY #PWC
Share. Facebook Twitter LinkedIn
Previous ArticleAmazon.com is Facing an Array of Consumer and State Antitrust Cases in the United States
Next Article Hydro-rich Tajikistan Plans to Produce 1 million Tons of Hydrogen by 2040

Related Posts

Delta, Korean Air to acquire 25% stake in WestJet

May 9, 2025

New Pope Leo XIV vows to illuminate world’s “dark nights”

May 9, 2025

India, Pakistan accuse each other as hostilities escalate

May 9, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Emirates Shipping Congress and IEC Telecom Drive Maritime Digital Transformation at UAE Maritime Week

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability​

Group 108 Commands Spotlight at PRC 2025 with Groundbreaking Dual Project Showcase and Expanding Retail Presence​

Pearson Redefines its Brand to Embrace the Future of Learning

Recent Posts
  • Emirates Shipping Congress and IEC Telecom Drive Maritime Digital Transformation at UAE Maritime Week
  • Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability​
  • Group 108 Commands Spotlight at PRC 2025 with Groundbreaking Dual Project Showcase and Expanding Retail Presence​
  • Pearson Redefines its Brand to Embrace the Future of Learning
  • Dorsett Wanchai and Dorsett Mongkok Promise a Fantastic Summer Vacation for Families​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Press Release

    Sufi Sensation Heer Walia to Perform Live at Bonne Foi 65 This Saturday​

    May 9, 2025
    Press Release

    EICI Releases White Paper to Guide Seamless Integration of ECCS into India’s New Customs Integrated System​

    May 9, 2025
    Press Release

    Push 360’s “Where Legends Meet Across Time” Campaign Earns Global Spotlight in Luerzer’s Archive​

    May 9, 2025

    Mobile Global Deepens Executive Team, Appoints Digital Media Veteran Dominick Miserandino as Chief Marketing Officer​

    May 8, 2025
    Previous 1 2 3 4 5 … 714 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.