PwC Australia sacks eight partners over tax leak scandal

  03 July 2023    Read: 1002
PwC Australia sacks eight partners over tax leak scandal

PwC Australia has fired eight partners including its former chief executive as part of an internal investigation into the leak of confidential government tax plans by a former partner, the firm said on Monday.

The investigation found multiple examples where the "misuse of confidential information" breached professional standards and also identified "a failure of leadership and governance" to address the breaches, PwC said in a statement.

"Accountability is critical to improving our culture and based on our investigation to date, it is clear that the conduct of a number of partners fell short of what was expected of them. They are now being held accountable for their misconduct," acting CEO Kristin Stubbins said in the statement.

The sackings mark the latest move by PwC to contain the fallout from a scandal, after a former partner who had been advising the Australian government on new tax laws targeting corporate tax avoidance shared confidential drafts with colleagues which were used to drum up business around the world.

The eight partners, who have left or are in the process of leaving, include former chief executive Tom Seymour, who resigned in May after admitting he had received emails containing confidential information about the government's tax plans.

Seymour and the other seven partners named by PwC did not immediately respond to requests for comment.

Three of the partners were singled out for actions that "failed to meet their professional responsibilities".

 


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