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PwC in Melbourne australia | accountingweb | PwC Australia bosses out as tax documents leak controversy grows
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PwC Australia CEO resigns in deception scandal

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Senior executives are out at PricewaterhouseCoopers Australia as a scandal involving leaked tax documents and a betrayal of the federal government’s trust has engulfed the firm.

11th May 2023
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PricewaterhouseCoopers (PwC) Australia’s CEO Tom Seymour has stepped down “effective immediately”, a statement on Monday said. He remains a partner of the firm.

Senior PwC Australia partners Pete Calleja and Sean Gregory have also gone from leadership positions as the Big Four firm reels from accusations that it used confidential information from the government to win new business.

A series of leaked emails, published by a senate committee, revealed that about 10 years ago, the government asked PwC tax expert Peter-John Collins to help it design laws to capture more tax from multinational companies.

Large companies, including the tech giants, were moving profits from higher-taxing jurisdictions like Australia to low-tax areas like the Netherlands and Singapore. 

Confidential knowledge leaked

Collins signed multiple confidentiality agreements, specifying that the knowledge could not be disclosed, but he then shared the details with internal and overseas teams who then sold solutions to help companies avoid paying tax in those jurisdictions.

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Replies (6)

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By Hugo Fair
11th May 2023 19:44

"PwC Australia’s CEO Tom Seymour has stepped down “effective immediately”, a statement on Monday said" ... but continued "He remains a partner of the firm".
Fair enough - surely no-one would want him to personally suffer financially?!?

Anyway, what's all the fuss about so far?
As Senator Barbara Pocock has indicated, it leaves open the question "Is this the tip of the iceberg?"

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By FD-HBC
12th May 2023 11:45

Is there no end to the scandals borne by these large firms ?????

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By Philysis
12th May 2023 23:10

Those that make the rules have no rules . It’s Well known big four guys advise all governments from city of London I cite the spider web documentary on Netflix for further info. Time western public wake up and smell the stench and start the dismantle and break up of these self serving institutions and rotten individuals who look down on the hard working men and women of western civiliasation

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Replying to Philysis:
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By Hugo Fair
13th May 2023 11:46

"who look down on the hard working men and women of western civilisation" ... but they're not that selective.
They regard everyone simply as either an obstacle to or opportunity for further self-enrichment ... and, a bit like in quantum mechanics, that only matters up to the moment of observation (after which the individual is 'collapsed' and then ignored).

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By [email protected]
14th May 2023 18:05

this was likely a targeted hit (like Boris Johnson, Raab etc etc etc) given that so many of the managers at retailers, loyalty programs, digital media outlets, real estate Co's, financial service providers where I have been were engaged in, to say the least, utterly shameful activities (a la Philip Green etc etc)...

The whistleblowers choose not to hunt for their accomplices in their activities - though the substance of their activities mean they could be even handed...

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John Stokdyk, AccountingWEB head of insight
By John Stokdyk
23rd May 2023 12:13

The repercussions from this story continue to grow. Since Mark Taylor's initial report, former CEO Tom Seymour has left the firm entirely. Senior executives from PwC Global were quickly on the spot and called in the CEO of Telstra to conduct a review into the firm’s governance, accountability and culture.

Reuters is also reporting that the matter may be referred to the police for a criminal investigation.
https://www.reuters.com/world/asia-pacific/australia-says-pwc-leak-gover...

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