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The Latest Breaking News from PwC

TWU demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX edges lower on US debt talks — as it happened

The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an "obscene" record annual profit. And the Australian share market runs out of steam as US debt ceiling talks drag on.

ABC News

PwC in the firing line and AFP drawn in as Senate asks hard questions about conflict-of-interest drama

A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns.

ABC News

Government eyes tougher response to PwC scandal

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

AAP

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Morning Mail: Supermarkets profiteering claim, jobs growth welcomed, the battle for Bakhmut

Big supermarkets increased margins on food through the pandemic and cost-of-living crisis; Labor celebrating strong jobs growth; Ukraine rejects Russian claims to have captured Bakhmut

The Guardian - AU

Consultants like PwC are loyal to profit, not the public. Governments should cut back on using them

The PwC scandal reveals appalling behaviour by an individual consultant and his company that provided consulting services to the federal government.

The Conversation

Future of Finance: PwC’s Oliver on how 'fintech is becoming crypto'—and approaching the point where 'there is no paper money'

The PricewaterhouseCoopers partner also said that when the dust finally settles, most of the biggest names in finance won’t be going anywhere.

Fortune

Doubts over whether federal anti-corruption body could investigate PwC scandal

Legal experts say those at the heart of the allegations could escape the Nacc’s scrutiny on a technicality

The Guardian - AU

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NZ 'too small' for PwC-style tax rort

Despite the tax advice scandal rocking the Australian business community, experts say the symbiotic relationship between the big four accounting firms and the New Zealand Government is apparently no cause for concern.

Newsroom.co.nz

How the Marandis became the most connected couple in London

After the Standard revealed links between Javad Marandi and a ‘dirty money probe’, Katie Strick tells the story of the rise of a tycoon

Evening Standard

PwC scandal shows consultants, like church officials, are best kept out of state affairs

Australia’s Treasurer Jim Chalmers called it “an appalling breach of trust”. But the scandal involving the local arm of PricewaterhouseCoopers (PwC), the world’s second-largest professional services firm, is much worse than that.

The Conversation

PwC internal review of tax leak ‘continues the cover-up’, Australian senator says

Labor’s Deborah O’Neill says it’s not enough for company to ‘share summary of key recommendations’, amid calls for AFP investigation

The Guardian - AU

Former Telstra boss Ziggy Switkowski to oversee PwC investigation

Ziggy Switkowski AO has been installed to look under the hood at embattled consultancy PwC after it became mired in a tax scandal.

The New Daily

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

The Guardian - AU

Apprenticeships: I wanted to be successful and have hands-on experience

Two young apprentices talk about forging ahead in the world of work

Evening Standard

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Fortune

Are CEOs ready for the EU's coming ESG disclosures?

The EU will force large, listed companies with headquarters or subsidiaries in the region to disclose a broad set of ESG metrics by 2025.

Evening Standard

Apprenticeships have come of age

More parents are being persuaded by the earn-while-you-learn option

The Guardian - AU

Morning Mail: Trump sexually abused writer, jury finds; Chalmers’ cost-of-living budget

Advice columnist E Jean Carroll was attacked by former president but not raped, jury decides, awarding her $5m; treasurer walks fine line in budget

The Guardian - AU

Labor senator accuses PwC of ‘deception and betrayal’ in misuse of Treasury information

Deborah O’Neill has also raised concerns that other consultancy firms may have engaged in similar practices without being detected

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news in one place.

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ABC News

PwC Australia CEO Tom Seymour steps down after tax documents leak scandal

PricewaterhouseCoopers Australia chief executive Tom Seymour stands down as the consulting firm feels the fallout of a partner betraying the trust of its biggest client: the federal government.

The Guardian - AU

Consultancy firms becoming ‘shadow public service’, expert warns, as PwC crisis deepens

Former senior public servants say conflicts of interest are ‘rife’ and that companies may be tailoring advice to earn more from government

The Guardian - AU

PwC Australia chief executive Tom Seymour resigns in wake of tax policy leak

Leak of confidential information triggered probe into government’s use of consultants to perform work of public servants

ABC News

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

The Canberra Times

Water warriors defy Bass Strait on jet skis

Adverse weather conditions resulted in a a three-day stopover.

Kiplinger

Retirement Planning: Three Questions To Ask Your Potential Financial Adviser

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The Guardian - AU

Warnings raised as PwC paid $8.7m to collect Australian aged care data while helping to set industry prices

Greens and unions raise spectre of potential conflicts of interest as consultancy firm defends against tax scandal

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