RBA bans PwC from new contracts until scandal cleared up
Consultancy firm mired in controversy over leaking Australian government tax plans to clients
The Reserve Bank of Australia will not enter into new contracts with PwC Australia until the consulting firm resolves a scandal over the leaking of confidential government tax policy, governor Philip Lowe said.
The scandal unfolded after the firm’s former head of international tax, Peter Collins, was deregistered by an industry regulator as tax agent early this year for leaking confidential information to his colleagues at PwC.
Collins obtained insider information while advising the Australian
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