Treasurer vows to ‘throw the book’ at people responsible for breach after unauthorised disclosures of multinational tax consultations
Chalmers described the incident as a “wake-up call”, warning that consultations were “not possible without integrity and trust in the system”.
“We also acknowledge that PwC should have had specific conflict management procedures and policies operating at the time to prevent this occurring. In each case this failed the standards we set for PwC and we deeply regret this occurred. “We recognise and understand the need for our tax system to operate with integrity and deeply regret confidentiality in this matter was not maintained.”
On Tuesday, the Liberal MP Michael Sukkar, who worked for PwC in 2005 to 2006, described the deregistration of the tax practitioner as serious but dismissed suggestions that PwC should be sanctioned beyond the tax board’s order.
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