The PwC tax scandal is an ongoing scandal involving PwC's abuse of Australian Government secrets to enrich itself and its corporate clients.
PwC, and other Big Four accounting firms, give advice to governments on writing tax law, and also corporations seeking to avoid those laws. This conflict of interest came to a head in 2015, when PwC leaked secret Australian Government tax plans to corporations, including Google,[1] and used their privileged access to help corporations avoid a law they themselves helped write. The scandal has major implications for governments and consulting businesses in Australia, particularly PwC itself.
Following the scandal's public disclosure in 2022, PwC attempted to depict the scandal as a single individual acting alone, but later revelations indicated that the corruption was widespread, and included PwC Australia's CEO. Further revelations came to light that have implicated other organisations in the Australian public service and consulting industry, and which became the focus of a broader discussion about government outsourcing.[2]
A Senate Committee concluded that "PwC engaged in a deliberate strategy over many years to cover up the breach of confidentiality and the plan by PwC personnel to monetise it".[3]
In a significant setback to the firm, it was reported on 8 November 2023 that Australian bank Westpac will cease its relationship with PwC, which had been Westpac's external auditor since 2002.[4]
^"PWC tipped off Google on timing of Australian tax law".
^McKenzie-Murray, Martin (2023-05-20). "Consequences of the PwC tax leaks scandal". The Saturday Paper. Retrieved 2023-07-30.
^Commonwealth Parliament. "Chapter 1 - PwC: A calculated breach of trust". www.aph.gov.au. Retrieved 2023-07-29.
^"Westpac to dump PwC as its auditor". Australian Financial Review. 2023-11-07. Retrieved 2023-11-08.
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