Parliament is the only hope to unmask PwC partners and clients involved in the leaks scandal. Here’s how it could happen. ausbiz
two weeks ago to perform triage on the tax leaks scandal, damage control at the big four firm stepped up another level.first revealed the tax leaks scandal in January – that the firm had used confidential information obtained by tax partner Peter Collins to help new clients avoid new laws – PwC’s response has been to confirm and accept liability only for whatever is already public.
PwC’s calculus turns entirely on what the Australian Senate does. Will it insist that the Tax Practitioners Board release the names of all PwC partners that were part of redacted email exchanges released this month?If the Senate plays tough and the names come out, then PwC is likely to confirm that yes, these partners were involved, and there will be action taken against them.
There’s a precedent for disclosure, related to the testimony that Collins and outgoing CEO Tom Seymour gave to the Corporate Tax Avoidance inquiry on April 10, 2015.
Given what they said to the Senate inquiry, there’s a clear precedent to ask Jordan as well as the Tax Practitioners Board if the three tech giants did sign up with PwC. It promises colourful political theatre in the Senate hearings over the next month. It’s important that PwC should be called publicly to account, and the pillorying won’t be pleasant for the big four firm. But the bottom line is whether senators can extract the redacted names.
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