{"id":245809,"date":"2023-06-26T16:17:34","date_gmt":"2023-06-26T16:17:34","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=245809"},"modified":"2023-06-26T16:17:34","modified_gmt":"2023-06-26T16:17:34","slug":"pwc-australia-to-sell-business-amid-tax-scandal","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/","title":{"rendered":"PwC Australia to Sell Business Amid Tax Scandal"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong> <\/a>&#8211; PwC Australia has announced that it will sell its government business. This follows a scandal\u00a0involving the misappropriation of classified government tax plans.<\/p>\n<p style=\"text-align: justify;\">The accounting firm additionally disclosed the hiring of a new\u00a0chief executive.<\/p>\n<p style=\"text-align: justify;\">According to PwC Australia, the decision will enable the business to go ahead with certainty and concentration.<\/p>\n<h3 style=\"text-align: left;\"><strong>Tax Evasion Scandal<\/strong><\/h3>\n<p style=\"text-align: justify;\">The confidential material was released by a former partner to the company in January. The ex-partner had discussed versions of corporate tax evasion regulations with colleagues while advising the Australian government. Colleagues employed the information to get new clients. The leaks took place between 2014 and 2017.<\/p>\n<p style=\"text-align: justify;\">According to the firm, no confidential data was employed\u00a0to assist clients in paying less tax.<\/p>\n<p style=\"text-align: justify;\">However, legislators and officials have demanded that the firm be barred from receiving government contracts until the concerns are resolved.<\/p>\n<p style=\"text-align: justify;\">PwC Australia said earlier this month that it has identified 76 current and former partners who were involved in the fraud. It also sent their names to Australian legislators.<\/p>\n<p style=\"text-align: justify;\">Kristin Stubbins, acting chief executive of PwC Australia, stated that workers who acted inappropriately would face harsh penalties.<\/p>\n<p style=\"text-align: justify;\">&#8220;We have failed the standards we set for ourselves as an organisation, and I apologise on behalf of our firm,&#8221; she said.<\/p>\n<h3 style=\"text-align: left;\"><strong>PwC Australia Restructured<\/strong><\/h3>\n<p style=\"text-align: justify;\">On Sunday, PwC Australia named <a href=\"https:\/\/www.pwc.com\/gx\/en\/contacts\/k\/kevin-burrowes.html\">Kevin Burrowes<\/a> as its new CEO. He was formerly the global clients and industries leader at PwC Network.<\/p>\n<p style=\"text-align: justify;\">In addition, the firm\u00a0announced that it will sell its federal and state government business in Australia to the private equity company Allegro Funds. The plan is to secure a deal\u00a0on the contract\u00a0by the end of July.<\/p>\n<p style=\"text-align: justify;\">PwC Australia&#8217;s government practice employs around 1,750 people and generates approximately 20% of the firm&#8217;s yearly revenue.<\/p>\n<p style=\"text-align: justify;\">Tom Seymour, the previous CEO of PwC Australia, resigned in May after admitting to acquiring the confidential\u00a0material. Later that month, the business laid off nine partners and restructured its governing board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; PwC Australia has announced that it will sell its government business. This follows a scandal\u00a0involving the misappropriation of classified government tax plans. The accounting firm additionally disclosed the hiring of a new\u00a0chief executive. According to PwC Australia, the decision will enable the business to go ahead with certainty and concentration. Tax Evasion Scandal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":245810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,11830,11814,11813,11831,11832],"class_list":["post-245809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-pwc-australia","tag-tax-evasion","tag-tax-fraud","tag-tax-leak","tag-tax-scandal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PwC Australia to Sell Business Amid Tax Scandal - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PwC Australia to Sell Business Amid Tax Scandal - Business News Report\" \/>\n<meta property=\"og:description\" content=\"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T16:17:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"PwC Australia to Sell Business Amid Tax Scandal\",\"datePublished\":\"2023-06-26T16:17:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/\"},\"wordCount\":326,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/PwC-Australia-scaled.jpg\",\"keywords\":[\"Featured\",\"PwC Australia\",\"tax evasion\",\"Tax fraud\",\"Tax Leak\",\"tax scandal\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/\",\"name\":\"PwC Australia to Sell Business Amid Tax Scandal - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/PwC-Australia-scaled.jpg\",\"datePublished\":\"2023-06-26T16:17:34+00:00\",\"description\":\"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/PwC-Australia-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/PwC-Australia-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"PwC Australia\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/pwc-australia-to-sell-business-amid-tax-scandal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PwC Australia to Sell Business Amid Tax Scandal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics &amp; Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PwC Australia to Sell Business Amid Tax Scandal - Business News Report","description":"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/","og_locale":"en_US","og_type":"article","og_title":"PwC Australia to Sell Business Amid Tax Scandal - Business News Report","og_description":"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.","og_url":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2023-06-26T16:17:34+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"PwC Australia to Sell Business Amid Tax Scandal","datePublished":"2023-06-26T16:17:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/"},"wordCount":326,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg","keywords":["Featured","PwC Australia","tax evasion","Tax fraud","Tax Leak","tax scandal"],"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/","url":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/","name":"PwC Australia to Sell Business Amid Tax Scandal - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg","datePublished":"2023-06-26T16:17:34+00:00","description":"BNR - PwC Australia has announced that it will sell its government business, following a tax plans leak scandal.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/06\/PwC-Australia-scaled.jpg","width":2560,"height":1707,"caption":"PwC Australia"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/pwc-australia-to-sell-business-amid-tax-scandal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"PwC Australia to Sell Business Amid Tax Scandal"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics &amp; Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/245809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=245809"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/245809\/revisions"}],"predecessor-version":[{"id":245812,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/245809\/revisions\/245812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/245810"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=245809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=245809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=245809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}