PwC has disgraced itself down under
The firm’s employees helped multinationals dodge taxes in Australia
ANTHONY ALBANESE, Australia’s prime minister, has called it “completely unacceptable”. Jim Chalmers, his treasurer, is “furious”. The object of their ire is PwC. The professional-services giant is in hot water over allegations that, after helping the government design a new system to make foreign multinational firms pay more tax, it used its inside knowledge to help global clients circumvent those same measures.
This article appeared in the Business section of the print edition under the headline “Aussie rule-bending”
Business June 10th 2023
- Apple’s Vision Pro is a technical marvel. Will anyone buy it?
- Generative AI could radically alter the practice of law
- PwC has disgraced itself down under
- The PGA agrees to team up with its golfing arch-enemy
- German bosses are depressed
- Why Sequoia Capital is sawing off its Chinese branch
- Why employee loyalty can be overrated
- What TIM’s mega-spin-off reveals about Europe’s telecoms industry
From the June 10th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
What Elon Musk should learn from Larry Ellison
The founder of Oracle has demonstrated remarkable staying power
Football clubs are making more money than ever. Players not so much
For both teams and their top stars, it helps to have a brand
The allure of the company town
Lego, Corning and the survival of an old idea
From cribs to carriers, high-end baby products are in vogue
Demographic and technological changes are making infancy more expensive
No one gains from American tariffs on cars from Mexico and Canada
Donald Trump’s levy will hit his country’s carmakers hardest
DeepSeek poses a challenge to Beijing as much as to Silicon Valley
The story of Liang Wenfeng, the model-maker’s mysterious founder