Senior executives at embattled audit and consulting giant PwC Australia have fronted a Senate inquiry over the firm’s infamous tax leaks scandal.
The probe follows revelations that the firm’s former tax partner Peter Collins shared confidential information within the firm regarding multinational tax measures it was helping Treasury to develop in 2015.
PwC executives are appearing before a Senate probe into the consulting firm’s infamous tax leaks scandal. Picture: NCA NewsWire / Nikki Short “To the government and to the Australian people, we cannot apologise strongly enough for breaching the trust placed in us and we accept the justifiable questions this matter raised about our trustworthiness and integrity.”Committee chair Liberal senator Richard Colbeck questioned how the business could possibly regain the trust and respect of government clients again.
In September, PwC was savaged in an independent review run by former Telstra boss Ziggy Switkowski which exposed the firm’s “shadow culture”.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live updates: PwC executives to face grilling, ASX to open higherThe ASX200 is tipped to open higher as PwC executives prepare to answer more questions about the behaviour of private consultancies in Canberra.
Read more »
PwC tax scandal: PwC CEO Kevin Burrowes and former boss Luke Sayers will both be grilled by parliamentarians today.Watch live: PwC Australia CEO Kevin Burrowes has kicked off the seventh day of public hearings into the consulting sector with a lengthy apology.
Read more »
PwC spin-off Scyne gets Canberra green lightThe powerful Department of Finance has signed off on PwC Australia spin-off Scyne, allowing the private equity-backed consultancy to do government work.
Read more »
Turkey in talks for release of hostages held by Hamas, says senior officialIran and Saudi Arabia spoke for the first time when the conflict began and discussed the “need to end war crimes against Palestine”.
Read more »
Turkey in talks for release of hostages held by Hamas, says senior officialIran and Saudi Arabia spoke for the first time when the conflict began and discussed the “need to end war crimes against Palestine”.
Read more »
Turkey in talks for release of Israeli hostages held by Hamas, says senior officialIran and Saudi Arabia spoke for the first time when the conflict began and discussed the “need to end war crimes against Palestine”.
Read more »