From www.themandarin.com.au: Two years after the PwC tax leaks scandal, Treasury is still navigating reform issues stemming from the incident, as highlighted by a recent media release from the Tax Practitioners Board regarding disciplinary actions taken against former partner Peter Collins.
Although PwC has concluded its compliance reporting to the TPB, the government continues to use the case to push for further reforms in legal professional privilege and tax regulator secrecy.
Five investigations remain open with the TPB and the Australian Federal Police, which will influence the Department of Finance’s assessment of PwC’s ethical standing for future government contracts.