PwC paid several hundred thousand dollars to settle LPP penalties in March. Days later the ATO tried to suppress the tax leaks emails.
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The decision to apply penalties would have rung alarm bells in the big four firms if they knew about it. However, because the settlement was confidential it offered little general deterrence outside of PwC, and would have remained secret but for the revelations in the Senate and the NSW inquiry. “We understand that this is likely to include critical emails and other materials that were provided by the ATO to the TPB, information in relation to corporate taxpayers and possibly other information gathered from our systems ,” Ms Saint wrote.
The TPB agreed to share the draft release its board approved on March 17 and further correspondence followed. Under pressure from the Tax Office, the TPB reduced the extensive list of documents sought by Senator O’Neill to 114 pages of heavily redacted emails, without the knowledge that the ATO had made its own agreement with PwC.
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