Wednesday, May 31, 2023

Tax Office frustrated in PwC tax leak probe despite alerting AFP in 2018; Kenneth Hayne raises eyebrow about bad corporate behaviour

The scandal at the embattled consultancy firm PwC is getting murkier by the day.

The latest revelation is that the Australian Federal Police was tipped off about a leak of confidential tax information five years ago - but an investigation never got off the ground because of complex secrecy rules.

Addressing the Congress of Actuaries, former Banking Royal Commission chair Kenneth Hayne (without directly naming PwC) says unethical behavious risks remain where profits and personal gain are put ahead of client interests.


Former Banking Royal Commission chair Kenneth Hayne addresses the Congress of Actuaries


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