financetom
Business
financetom
/
Business
/
Australian police search Sydney PwC office over tax leak probe
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australian police search Sydney PwC office over tax leak probe
Nov 4, 2024 11:32 AM

SYDNEY (Reuters) - Australian police on Monday searched the PwC Australia office in Sydney as part of a probe into a former partner who leaked confidential government tax plans to the firm and its clients.

A parliamentary inquiry earlier this year concluded the firm had shared the data internally and covered up its use.

"This step is part of the existing investigation ... regarding the historical tax matter, and is an investigation into individuals who have left the firm," a PwC Australia spokesperson said in an email.

PwC Australia added that it had been working with the Australian Federal Police (AFP) to help with the searches and will continue to cooperate fully.

"Out of respect for the AFP's work, we won't be commenting further," the spokesperson said.

Police in 2023 began investigating the "big four" accounting firm over the breaches, which forced out several partners including former PwC Australia CEO Tom Seymour, and led to the fire sale of its lucrative government consulting business for A$ 1 ($0.66).

The firm's current CEO Kevin Burrowes last year apologised to senators during a parliamentary inquiry over the leak.

($1 = 1.5145 Australian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
First Interstate Bancsystem Insider Sold Shares Worth $944,305, According to a Recent SEC Filing
First Interstate Bancsystem Insider Sold Shares Worth $944,305, According to a Recent SEC Filing
Nov 25, 2025
12:33 PM EST, 11/25/2025 (MT Newswires) -- John M Heyneman Jr, 10% Owner, Director, on November 21, 2025, sold 30,432 shares in First Interstate Bancsystem ( FIBK ) for $944,305. Following the Form 4 filing with the SEC, Heyneman has control over a total of 1,497,496 common shares of the company, with 5,224 shares held directly and 1,492,272 controlled indirectly....
What's Behind The Surge In Clean Energy Technologies Stock Today?
What's Behind The Surge In Clean Energy Technologies Stock Today?
Nov 25, 2025
Shares of Clean Energy Technologies, Inc. ( CETY ) are trading higher Tuesday after the company secured a $10 million project. What To Know: Clean Energy Technologies ( CETY ) announced that it secured a $10 million Battery Energy Storage System (BESS) project in New York State, its largest storage project to date. The deal marks the first of several similar deployments...
Market Chatter: Chevron Asked to Supply Naphtha Before Crude Load in Venezuela
Market Chatter: Chevron Asked to Supply Naphtha Before Crude Load in Venezuela
Nov 25, 2025
12:38 PM EST, 11/25/2025 (MT Newswires) -- Chevron ( CVX ) has been approached by the Venezuelan government to supply an essential feedstock after a US warship blocked the path of a Russian naval vessel near its coast, Bloomberg reported Monday, citing people with knowledge of the situation. Chevron ( CVX ) can load crude oil only once it has...
What's Going On With American Airlines Stock? Record Crowds Meet New Rate Cut Hopes
What's Going On With American Airlines Stock? Record Crowds Meet New Rate Cut Hopes
Nov 25, 2025
American Airlines Group Inc ( AAL ) shares are trading higher Tuesday morning, lifted by historic travel demand and a favorable shift in monetary policy. According to CNN, this Thanksgiving travel period is projected to be the busiest in 15 years, with the FAA anticipating more than 52,000 flights Tuesday alone. Here’s what investors need to know. AAL is among...
Copyright 2023-2026 - www.financetom.com All Rights Reserved