Connect with us

Hi, what are you looking for?

Stock

Australian police search Sydney PwC office over tax leak probe

By Renju Jose

SYDNEY (Reuters) – Australian police on Monday searched the PwC Australia office in Sydney as part of a probe into a former partner who leaked confidential government tax plans to the firm and its clients.

A parliamentary inquiry earlier this year concluded the firm had shared the data internally and covered up its use.

“This step is part of the existing investigation … regarding the historical tax matter, and is an investigation into individuals who have left the firm,” a PwC Australia spokesperson said in an email.

PwC Australia added that it had been working with the Australian Federal Police (AFP) to help with the searches and will continue to cooperate fully.

“Out of respect for the AFP’s work, we won’t be commenting further,” the spokesperson said.

Police in 2023 began investigating the “big four” accounting firm over the breaches, which forced out several partners including former PwC Australia CEO Tom Seymour, and led to the fire sale of its lucrative government consulting business for A$ 1 ($0.66).

The firm’s current CEO Kevin Burrowes last year apologised to senators during a parliamentary inquiry over the leak.

($1 = 1.5145 Australian dollars)

This post appeared first on investing.com






    You May Also Like

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Boeing has already braced investors for a rough quarterly report. Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 balanceandcharge.com