A furious federal Treasurer Jim Chalmers said the nation’s largest accounting firm had economic decision-making and policymaking at risk.
Federal Treasurer Jim Chalmers accused the nation’s largest accounting firm, PwC, of a “shocking breach of trust” after certain partners and staff leaked confidential information obtained while advising the government on measures to combat tax avoidance.
“This is a shocking breach of trust, an appalling breach of trust,” he said. “And as a government that wants to be consultative where we can, it puts that sort of consultation at risk. It puts the quality of economic decision-making and policymaking at risk as well.”, as a tax agent after a lengthy investigation found he had shared secret information about the government’s tax plans to other staff at PwC despite signing a series of confidentiality agreements from 2013 to 2018.
“We want consultation to lead to better policy, not to lead to more profits for the people who are helping us with the consultation,” he said.
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