PwC is racing to contain the global fallout of an Australian leak scandal on its business after it emerged that the firm used confidential government tax plans to advise tech clients.
Emails released by an Australian senate committee last week showed that PwC had used information received during its work with the government to win business by advising corporate clients on new anti-tax-avoidance rules. Australian politicians have called for the partners who received the emails, as well as the clients that benefited from the information, to be named.
The Big Four firm has flown some of its top global executives to Sydney as it attempts to prevent the scandal from spiralling into a global crisis. The team includes global general counsel Diana Weiss and global head of tax Carol Stubbings, according to a person close to the firm with knowledge of the details.