ATO’s list of “false and misleading documents” in legal professional privilege claims included company logos.
The Tax Office dropped part of the $1.4 million in penalties that it slapped on PwC last year because it mixed up some of the documents which it claimed were false and misleading, Second Commissioner Jeremy Hirschhorn has told a Senate committee.
But Mr Hirschhorn said on Wednesday it was a “high bar” to show it was unreasonable for PwC to claim privilege for its clients, and so the ATO concentrated on 170 documents from five audits. But one in 10 of those documents had been mis-categorised by the ATO’s filing system and turned out to be logos or fragments of documents.
“While all that is happening, there’s a vigorous argument happening in the about other matters – essentially corrupt behaviour. And yet what they walk away from is half the fine, and a slap over the knuckles about a little bit of internal training.” and two nights’ accommodation at the Westin Paris – Vendôme hotel, near the Louvre, to address a PwC conference at the height of the dispute between the ATO and the big four firm.“I think it was actually more than appropriate, it was actually a very important conference for us to present at,” Mr Hirschhorn said.
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.
PwC tax scandal: Tax Office halved $1.4m PwC fine for false privilege claimsA confidential settlement also prevents the ATO from taking action against five multinational clients who supported the claims.
Read more »
Major consultancies KPMG, Deloitte, PwC, EY and Accenture cut staff, slash spending as market slowsBig four consulting firm KPMG has cut another 100 staff from its ranks after making 200 redundant in February, rival Deloitte has cut dozens and 78 staff at PwC face an uncertain future after their planned move to spin-off Scyne was scrapped.
Read more »
Former Victorian MP Russell Northe sentenced to jail for misconduct while in public officeFormer Victorian MP Russell Northe has been sentenced to nearly two years in prison for using public money to fuel his gambling addiction.
Read more »
Why a high court decision on EV tax has Australian states and territories panickingState and territory leaders are spooked that their revenue streams — not just from EVs — could now be legally challenged, putting billions of dollars at risk
Read more »
Carbon challenge: All roads lead to tax shake-up after High Court EV rulingThe High Court’s decision banning Victoria’s electric vehicle tax has parallels to how the GST came about.
Read more »
Office property: Discount deals for subtenants as empty space risesLendlease has completed subleases at Barangaroo Tower 3 that amount to getting back about 45 per cent of its passing rent.
Read more »