Previously secret emails show PwC charged $2.5 million in fees to advise 14 clients how to sidestep new tax avoidance laws in 2016, relying on confidential information.
“There was no finding that 30 people got the information,” Seymour said. “What was said at the Senate committee was that there is a perceived issue around the 20 to 30 [PwC partners and staff].
Earlier, another partner had suggested a UK operative could receive a version from “other sources”. But a day later the unknown partner attached the document to an email, “Guys sorry, I hope this work [sic]. As per my other email this draft was provided to me on a strictly confidential basis.” Collins told his colleagues to describe his inside revelations about government plans as gossip. “Please don’t circulate this note and please treat as rumour and expectation,” he emailed on November 23, 2016. “DPT will be ready to go next Weds … ”“For your eyes only” was another recurrent phrase.
But the partner complained the January 2016 start date for MAAL was too early – “too soon to make as much money as we should though” – given the need to restructure clients’ operations before the new law came into effect. Meanwhile, Collins was privy to Treasury and Board of Tax confidential talks about a new tax to ensure international companies paid tax on the goods and services they sold in Australia. The Diverted Profit Tax was particularly aimed at tech companies selling services to Australians but billing them via overseas addresses.
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