A PwC companion who shared confidential federal authorities tax coverage data to spice up business has been referred to the Australian Federal Police.
The consulting agency’s former head of worldwide tax Peter Collins improperly used confidential commonwealth data, the Treasury Secretary says.
That has sparked the referral to the AFP to think about if felony prices ought to be introduced.
“The emails that the Tax Practitioners Board tabled in Parliament on May 2, 2023 highlighted the significant extent of the unauthorised disclosure of confidential commonwealth information and the wide range of individuals within PwC who were directly and indirectly privy to the confidential information,” mentioned a press release from the Treasury Secretary.
“In light of these recent revelations and the seriousness of this misconduct, the Treasury has referred the matter to the Australian Federal Police to consider commencement of a criminal investigation.”
The companion shared data relating to tax legal guidelines boosts, amongst them guidelines stopping multinationals from decreasing taxes by shifting earnings internationally.
Their CEO has since stop and PwC has triggered an investigation into the corporate’s practices.
Treasurer Jim Chalmers has since pledged to strengthen the Tax Practitioners Board’s powers after it uncovered the breach.
PwC has dealt with greater than $500 million in federal authorities contracts up to now two years.
Source: www.perthnow.com.au
