PwC Australia overhauls board amid tax leak

PwC Australia’s former head of international tax, Peter Collins “improperly used confidential Commonwealth information,” according to a statement from Steven Kennedy, secretary to the treasury. — Bloomberg

SYDNEY: PricewaterhouseCoopers (PwC) Australia has ordered nine partners to take leave and overhauled its governance board, as it battles a national scandal over the misuse of confidential government tax plans.

The “big four” firm is reeling after a former tax partner consulting on new anti-tax avoidance laws shared confidential drafts with colleagues that were then used to drum up business.