What else do not we all know in regards to the Australian Tax Workplace and its interactions with the massive 4?
The protection of the PwC tax leak scandal and its persevering with aftermath in The Australian Monetary Evaluation — which broke the story — has been excellent, with Edmund Tadros and Neil Chenoweth scoring hit after hit. Right this moment Chenoweth has one other unique that needs to be each bit as consequential as earlier revelations.
He revealed that the Australian Tax Workplace (ATO) reached a settlement with PwC in March — lengthy after the agency’s involvement within the tax leak scandal was publicly identified — over PwC’s false claims of authorized skilled privilege that gave the massive rour agency a 50% low cost on relevant penalties. As a part of the cope with the ATO, PwC didn’t should admit any legal responsibility.
The deal was not revealed till PwC admitted one existed in proof to the NSW parliament inquiry into consultants final week, and the ATO confirmed it.
Learn extra in regards to the ATO and its secret offers.
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