ATO says millions in annual tax could have been lost due to PwC confidentiality breaches

 The Australian Tax Office says millions of dollars in annual tax revenue could have been lost if consulting firm PricewaterhouseCoopers (PwC) had successfully rolled out a tax-avoidance scheme it designed using confidential government briefings.

A former PwC partner was recently sanctioned by the Tax Practitioners Board for integrity breaches, after it was revealed he shared confidential briefings with colleagues.

Peter-John Collins was part of Treasury consultations on the design of new multinational tax avoidance laws, and despite signing three confidentiality agreements, shared details of the government plans with others in the firm.

Read More: https://www.abc.net.au/news/2023-02-16/australian-tax-office-million-scheme-pricewaterhousecoopers/101980548



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