Search results
Results from the WOW.Com Content Network
The PwC tax scandal was a scandal involving PwC's abuse of Australian Government secrets to enrich itself and its corporate clients. PwC, and other Big Four accounting firms , give advice to governments on writing tax law, and also corporations seeking to avoid those laws.
First revealed by tax authorities in January, the scandal has forced out PwC Australia's chief executive Tom Seymour, cost it at least five high-profile clients and triggered the sale of its ...
The Big Four accounting firm has been battling to retain business in the region following the scandal. In October, PwC reported a 12.7% decline in net income for the Asia-Pacific region for the ...
After two scandals this year, PwC's business in the Asia-Pacific region has fallen. The firm's license to operate in China was suspended for six months for its involvement in a fraud case.
Shortly after the suspension of ChuoAoyama, PwC acted quickly to stem any possible client attrition as a result of the scandal. It set up the PricewaterhouseCoopers Aarata, and some of ChuoAoyama's accountants and most of ChuoAoyama's clients moved to the new firm. [133] [134] ChuoAoyama resumed operations on 1 September 2006, under the Misuzu ...
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
The LuxLeaks scandal has highlighted the role of these tax intermediaries. In December 2014, the British parliamentary Public Accounts Committee interviewed Kevin Nicholson (head of tax division in PwC UK) for the second time in two years.
In January 2023, PwC faced a scandal as Australia's Tax Practitioners Board banned Peter-John Collins, PwC's former head of international tax, for sharing confidential Treasury meeting details about new laws designed to curb tax avoidances with fellow PwC employees.