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The Latest Breaking News from PwC

You can't buy much for $1, except maybe a global company. Why PwC could be sold for less than the price of a stamp

In a move that has taken the business world by surprise, PwC Australia this week offloaded its government consultancy business to Allegro Funds for just $1.

The Conversation

‘Grossly inadequate’: group claiming to be PwC partners ridicule firm’s response to tax scandal

Anonymous letter demands more transparency and accountability from PwC in Australia

The Guardian - AU

Morning Mail: Australian universities join global top 20, fears for swift parrot, do rent caps work?

Universities of Melbourne, Sydney and New South Wales make list for first time; almost one in six units offloaded for less than they were bought for

The Guardian - AU

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PwC walks back report used to claim Australia’s nature repair market could be worth $137bn

Report cited by environment minister in support of offset bill criticised for inflated figures

The Guardian - AU

Britons will soon spend more on streaming than TV, analysts say

UK households forecast to spend £4.2bn on Netflix and other services by 2025, overtaking TV packages

The Guardian - UK

Morgan Stanley says commercial real estate will crash harder than during the Great Financial Crisis. Here’s how 5 other top institutions see it playing out

There’s one thing they can all agree on: Office properties are in trouble.

Fortune

PwC says these 4 trends could accelerate dealmaking in the second half of 2023

Business leaders are "looking at any path to grow, make their companies more efficient, and balance that with risk,” says PwC's Neil Dhar.

Fortune

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PwC to publicly name all staff involved in tax scandal, inquiry told

CEO Kristin Stubbins says once internal investigation is complete there will be ‘appropriate accountability’ for those found to have acted inappropriately

The Guardian - AU

Deputy PM says Russia uprising ‘a crack in the edifice’ – as it happened

This blog is now closed.

The Guardian - AU

PwC appoints new Australian CEO with plans to sell off government consultancy work for $1

Scandal-plagued firm announces Kevin Burrowes as new head of Australian division

The Guardian - AU

PwC drops all government business and picks up a new CEO

A new CEO has been parachuted into embattled consultancy PwC Australia, which is offloading its government consultancy business for $1.

The New Daily

Gen Z workers came of age amid the pandemic—and now quitting their job is always front of mind

It's a way of life for Generation Quit.

Fortune

Madonna King: PwC is just the latest institution to let us all down

We cannot allow the PwC saga to be a Canberra story, involving a single big misdemeanour by a single big firm.

The New Daily

Afternoon Update: Titan sub oxygen could run out tonight; Australia issues Twitter warning; and ABC ratings tank

The Titan sub could run out of oxygen tonight and Australia issues a warning to Twitter amid rise in online hate

The Guardian - AU

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Zenger

Social And Casual Games Dominate US Gaming Industry Revenue

Traditional games account for only 26.7% of revenue, PwC study shows

The New Daily

PwC breach of trust ‘deeply disappointing’: Chalmers

Actions taken by consulting firm PwC have been blasted as "deeply disappointing" by Treasurer Jim Chalmers, who says people are right to be "filthy".

The Guardian - AU

Morning Mail: Titan sub search focuses on underwater ‘noises’, Islanders fight gas plan, house prices to rise

More sounds have been heard in the area being searched for the submersible missing in the North Atlantic

Fortune

You might lose your millennial and Gen Z employees in coming months—here's why

A recent survey from PwC finds employees are looking for new opportunities despite the precarious economy.

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The Guardian - AU

PwC tax scandal: firm engaged in a ‘calculated’ breach of trust, Senate committee finds

Consulting firm used confidential government information to help private clients avoid tax, interim report tabled in parliament finds

The New Daily

Report labels PwC tax scandal as ‘egregious breach of trust’

A Senate committee has labelled embattled consultancy firm PwC's conduct in the tax advice scandal as an "egregious" breach of trust.

AAP

PwC tax scandal an 'egregious breach of trust': report

A parliamentary report has urged consulting firm PwC to publish the names of people involved in the tax advice scandal.

Multichannel News

Report Sees Traditional TV Revenue Shrinking as OTT Gains

PwC: Streaming growth shifts from subscriptions to advertising

The Canberra Times

APSC considers guidance for staff moving to consultancies

Questions on confidentiality and conflicts of interest are rising to the surface.

Nottingham Post

Nottingham City Council’s spend on single consultancy firm now totals £2m

The Labour-run authority had already approved spending around £1.1m

The New Daily

Michael Pascoe: IKEA and Netflix tax scandal overshadows shameful PwC saga

IKEA and Netflix are just two quick examples of the ongoing, massive and very successful tax minimisation industry here.

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