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The Latest Breaking News from PwC

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

The Guardian - AU

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The Guardian - UK

Majority of Wilko stores to close 'within weeks' - see all the stores at risk

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

The National (Scotland)

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Ruapehu administrators deny iwi relations blame

PWC says statements in a Government apology over the Ruapehu sales process weren't correct, reports Andrew Bevin

Newsroom.co.nz

Relax, lawyers and accountants. AI isn’t going to take your jobs

City Comment: The human contact and trust at the heart of professional services is still far from being replaced by a chatbot

Evening Standard

PwC partners to be paid £906,000 this year

Payment to more than 1,000 UK workers is slight fall on last year’s £1m record as profits decline despite rising revenues

The Guardian - UK

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Fortune

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Wilko scammers lure in online shoppers with fake websites after chain collapses

Wilko has ended all online sales after it entered administration and shoppers can only buy in stores

Evening Standard

Anthony Albanese says ‘my son is not a public figure’ after questions about PwC internship

Reports claim PM discussed position with firm’s former government relations boss before Nathan Albanese went on to secure two-week, unpaid placement

The Guardian - AU

PwC charged health department to provide ‘risk management’ workshop in weeks before scandal

Exclusive: Consultancy firm ran event at Department of Health and Aged Care in December, days before former PwC partner was banned by tax advice regulator

The Guardian - AU

It's time business schools prepared their graduates for potential workplace misconduct

“At PwC, (our purpose) is to build trust in society and solve important problems”, says one recruitment invitation. While another promises: “As one of our grads, you can expect to work on high-impact, meaningful and purpose-led projects”

The Conversation

Morning Mail: All eyes on the Matildas, more scrutiny over consultants, anger as centuries-old tree felled in Tasmania

Australians hold their breath ahead of the World Cup semi-final; PwC in new disclosure revelations; PM urged to witness impacts of native logging

The Guardian - AU

What did you say? Boards tackle corporate jargon

Governments around the world have introduced laws that require plain language in public communications. Directors in the corporate world—still a safe haven for jargon, to say the least—could benefit from similar efforts.

Fortune

PwC did not disclose any conflicts of interest before winning aged care auditing contract

Consulting firm’s contract to audit the Morrison government’s workforce bonus program remains suspended, department confirms

The Guardian - AU

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The Independent UK

Wilko administrators set Wednesday deadline for potential bidders

The historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopardy.

The Guardian - AU

PwC lost track of number of client privilege claims allegedly used to stymie ATO investigations

Consulting firm couldn’t say how many times its former general counsel was involved in privilege claims made to tax office, Senate inquiry hears

Evening Standard

Wilko stores could be left empty as estate will be tough to re-let, new data suggests

Most of Wilko’s shops are expected to close within weeks, the GMB Union said

Evening Standard

Virgin Galactic: What’s it like to go on a sub-orbital space flight?

Here’s everything you need to know about how sub-orbital spaceflights work, what it feels like to go on one, and what your rights are

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The Conversation

Wilko is the latest shop to be edged out by competition but it doesn't have to mean the end for the budget retailer

By selling pick ‘n’ mix, stationery, garden tools and bird boxes, Wilko has spent the last 90 years transforming from a one-store business into one of the UK’s major budget retail players. It now has around 400 stores, but it has also become the latest high street shop to face…

The Guardian - AU

PwC scandal: Australian Tax Office tried to get federal police to investigate in 2018

Tax office tells Senate committee it did not have the investigative powers to secure enough evidence from consultancy firm, hampering efforts to persuade federal police to investigate

The Conversation

Tax advisers who promote exploitation schemes to face $780 million penalty

An extensive federal government crackdown on misconduct will increase maximum penalties for advisers and firms promoting tax exploitation schemes from the present A$7.8 million to more than $780 million.

The Canberra Times

'Masking' effect over ACT crime rates revealed in review

Despite its recent corporate disgrace, a PwC review has delivered a clear direction to ACT police.

Evening Standard

Student housing in London costs 150% times maximum maintenance loan after huge annual rent hike

Student loans nowhere near cover the cost of renting after a 20 per cent price rise

The Guardian - AU

Finance department hires consultant to advise on hiring consultants in move compared to ABC’s Utopia

Exclusive: Department’s $32,000 contract, which comes after PwC tax leak scandal, slammed as ‘laughable scenario’

The Guardian - AU

NSW plans to introduce $5.5m fines for tax leaks following federal PwC scandal

Exclusive: Bill seeks to combat breaches of government information, with maximum penalty of $1.1m for individuals and $5.5m for corporations

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