PwC tax leak scandal referred to Australian Federal Police for possible criminal investigation

There's been a major escalation in the crisis at the advisory firm PwC with alleged confidentiality breaches now referred to the Australian Federal Police for a potential criminal investigation.

Read the statement from Treasury Secretary Dr Steven Kennedy

PwC says it will co-operate with any investigation by the AFP as it steps up damage control over an alleged tax leak on a tax avoidance crackdown that continues to smash the firm's reputation.

Here's my analysis on the AM program where I speak with former policy adviser Tom Ravlic about the significant escalation.