“Cormann was issued equity in Sayers Group in ‘December 2020’, just weeks after leaving Federal Parliament”
Tag: PWC
An Industry: Advisers employed to break the backs of ordinary Australians via Tax Fraud
All this follows the raid of Scale Facilitation by the AFP in June over the biggest alleged tax fraud in Australian history.
Scale had established a subsidiary in Malta, with the help of PwC, to reduce its tax exposure in Australia.
Source: Failure at Scale as high-flying Collard company ordered to wind up – Michael West
Stopping this sort of Corporate Colonisation of Australia is a definite “No” vote. Our shame those found guilty won’t be punished. Indigenous Australians didn’t steal anything but will be if “No” passes and the world will judge us all as citizens of a shameful nation.
Stolen Australian Government tax policy information was shared between two top-level groups of PricewaterhouseCoopers (PwC) Australia’s controversial “Transfer Pricing” tax division, documents reveal.
Busted by ASIC for accounting shonkery and rebuked by the Court for duping its clients, what’s the scam with law firm Shine Justice (and its auditor PwC)?
Source: Shine Justice – the law firm which breaks the law – bailed up by ASIC – Michael West
When the tax scandal could no longer be ignored, the PwC board commissioned an “independent review” into its “governance, culture and accountability,” appointing former Kodak, Telstra and Optus CEO Ziggy Switkowski to conduct it. So what’s the scam?
Source: Ziggy Switkowski’s “independent” review of PwC is out – missing the obvious – Michael West
Australian entrepreneur and ex-PwC partner David A. Collard is being sued for rent on both his fancy apartment in Manhattan as well as Scale’s 88th floor World Trade Centre head quarters. That’s on top of an ATO tax raid, unpaid staff and creditors, and defaulting on the purchase of Britishvolt in the UK. Sean Johnson of Open Politics reports.
Source: Getting Scalier: David A. Collard’s creditors, lawsuits, now a thing of Scale – Michael West
…… and the graft goes on. Think Deloitte, KMPG, and Ernst Young along with etc etc etc,
Scale Facilitation is in default in its takeover of Britishvolt. After a crime taskforce raid in Australia and failures to pay staff in the US, its chief executive David A. Collard remains defiant. Sean Johnson of Open Politics questions why PwC is getting paid when staff and creditors have been missing out.
Source: Is PwC caught up in Scale Facilitation’s alleged $150 million tax fraud? – Michael West
Under Tony Abbott, some 3000+ ATO tax-trained investigators were given the sack many of who went on to be employed by the big four along with many other firms advising corporations prepared to pay for their skills and knowledge of tax evasion.
An ATO amnesty arrangement to collect back taxes allowed the biggest corporations in the country to self-declare and negotiate the terms of their own settlement because the Department had lost it’s most skilled investigators. This LNP-sanctioned arrangement was and has never been available to all Australians. Why was that privilege allowed by Abbott the LNP and the ATO one might well ask?
He revealed that the Australian Tax Office (ATO) reached a settlement with PwC in March — long after the firm’s involvement in the tax leak scandal was publicly known — over PwC’s false claims of legal professional privilege that gave the big rour firm a 50% discount on applicable penalties. As part of the deal with the ATO, PwC didn’t have to admit any liability.
ATO-PwC arrangement confirms special deals must be dragged into daylight
A humble footnote on page 30 of the Northern Australia Infrastructure Facility’s 2016-17 annual report reads: “PwC supported NAIF in the development of its Risk Management Framework.” NAIF was in the news in late 2016 because it had reportedly given “conditional approval” of a $1 billion loan to Adani for its Carmichael Coal Mine.
In news that may surprise precisely no one, PricewaterhouseCoopers (PwC) was also working for Adani. In fact, not only did PwC “act for” Adani in trying to secure the NAIF loan, the firm also produced economic modelling that purported to show that delays to the Adani mine had cost Queensland 2,665 jobs.
Source: PwC and the Adani mine triple dip. A conflict of interest? Surely not – Michael West
The double standard is glaring, further illuminated by the findings of the Robodebt Royal Commission. While the AFP dithered for years investigating the blue-chippers from PwC for selling state secrets to foreign corporations, it was as quick as a rat up a drainpipe when it came to sending out letters to Centrelink clients threatening them with prison sentences unless they paid their Robodebts. Michael West reports.
Source: Robodebt and Robododger: PwC’s consulting operation revealed – Michael West
The man who was CEO of consultancy PwC Australia for the entire tax payments affair, Luke Sayers, has exited as chair of a charity he runs with his wife.
Source: PwC CEO Luke Sayers quits as charity chair amid tax leaks scandal
What’s the scam with PwC flogging its government consulting operation to private equity mob Allegro Funds Management?
The scam is that the scandal over selling government secrets has hurt PwC in a real way, there is pressure from the global partners over to exit to rehabilitate the brand, and they have found some private equity turnaround players in Allegro who will take on the risk of salvaging that $300m a year in government contracts.
Source: PwC sells government consulting operation for a dollar. What’s the scam? – Michael West
A new CEO has been parachuted in to run embattled consultancy firm PwC Australia, which is offloading its government business for $1.
Source: New CEO for PwC as it offloads consultancy business for $1
Ethical accountants are groaning in the wake of the PwC scandal which has thrashed the reputation of the profession. While most accountants abide by ethical standards, the Big 4 have dragged the profession into the mud. Wally the Chartered Accountant reports on the decline of ethics and self-regulation.
Source: Cheats never prosper! Or do they PwC and KPMG? – Michael West
Conspiracies do exist and their organized generally at the top of societies economic ladder
PwC advised Lendlease on the billion-dollar tax scam which is now subject to Australian Tax Office audit. As Lendlease whistleblower Tony Watson fights the giant in court over his dismissal as a tax lawyer, documents obtained by MWM show Watson warned a PwC tax partner and group finance chief Tarun Gupta the tax scheme was a rort. Michael West reports.
Source: Anatomy of a Cover-Up: whistleblower warned PwC and Lendlease of $1b tax scam – Michael West
‘On May 17 he was there as chair.
The next morning his name was gone, there was no statement, nothing,’ Schmulow told The Klaxon. ‘He just vanished.’
Source: ‘Vanished’ Tax Board boss was executive at pre-PWC firm
Cato has previously advised a raft of high-profile people and organisations, including Fairfax Media, once the publisher of this masthead; photographer Bill Henson, who was pilloried for his dark images of young models; and former David Jones chief executive Mark McInnes, who was accused of sexual harassment in a case that later settled.
Her firm also worked for the interests of the now-disgraced soldier Ben Roberts-Smith, with a former journalist associated with Cato’s outfit conducting counter-reporting on this masthead’s investigation of the former soldier.
Source: PwC tax leak scandal: Sue Cato hired by group of partners ahead of Senate hearing
According to analysis this week, PwC and other “big four” firms — Deloitte, EY and KPMG — have brought in about $4 billion in government contracts and paid out over $4 million in party donations over the past decade.
PwC is also the auditor for the federal police – the accountant that signs off on its finances as being legally compliant.
To rip off a bit from the Roman poet, Juvenal: Who will audit the auditors?
Source: Labor True Believers, Political Analysis and Satire | Facebook
Woohoo! Two of the biggest tax cheats, ExxonMobil and Chevron (auditors for both are PwC) have finally begun to pay a mite of income tax in Australia but they also ripped out more than $13bn in dividends and returns of capital last year. Michael West reports their latest financials.
AFP Commissioner Reece Kershaw and former NSW Police Commissioner Mick Fuller, who now works for PwC, have already had private communication about the PwC tax dodging scandal that is now being investigated by the federal police.
Kershaw and Fuller have a history of working together to cover-up government corruption, but more on that in a minute.
Will Robert try to organize a religious book deal?
Recent testimony by John Margerison, former business partner of Stuart Robert, lends weight to questions about Robert’s financial interests while in the Morrison Government, writes Belinda Jones.
Source: Stuart Robert gone but questions over ‘shady deals’ remain
Panic at PwC:
Those heavily redacted emails detailed how dozens of PwC operatives used confidential updates on government tax plans to drum up new clients.
Source: National Times – Panic at PwC: How a tax scandal played out behind… | Facebook
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 spiders web of Government Accounting
PwC leaked secret tax data from its government work to foreign tax avoiders, potentially costing Australians billions. Like nothing ever happened, they are now picking up multimillion dollar public contracts again. Callum Foote reports. Three months
Source: Pity about the corporate treason; PWC is back winning juicy government contracts – Michael West
They have become the outsourcing mandarins, consultancy companies which have served to degrade expertise in the public sector while diminishing the quality of services. Along the way, they have charged astronomical fees in giving repeatedly flawed advice. Consultants, packaged as all wise gurus, have become the great confidence tricksters.
Source: The Rise of the Consultant Governing Class – CounterPunch.org
Up to 30 partners and staff were involved in sharing confidential government tax policy, Senate estimates was told.
Source: PwC Peter Collins leak: Scandal involved up to 30 partners and staff, estimates told
Big 4 consultancy PwC has been caught red-handed with partners leaking confidential information, obtained while advising the Federal government on combating tax avoidance, so their multinational clients could avoid tax. As the government ponders its response, Rex Patrick argues it’s time to introduce a procurement black list to deal with corporate cowboys.
Source: Rex Patrick: put PwC top of blacklist for government procurement payments – Michael West
PwC was commissioned to do a report on Robodebt in 2017 but but can’t recall if it was finalised, or not, or why. What’s the scam?
PwC is the scam. PwC was effectively paid *not* to deliver the Robodebt report; to never “finalise” it, to keep it in draft form so nobody ever had to be accountable.
This was the Big4 consultancy the government used to attack poor people with its big “welfare report” a year earlier now deployed in the cover it up. Highlights from the testimony of PwC partner Shane West at the Royal Commission this week:
“No … I can’t recall.” “I don’t know.” “I’m not sure”. “I don’t recall”. “I’m not sure I can say whether or not it is”. “Sorry, I can’t think of one” “This is getting beyond my area of knowledge”. The series of short videos on this Twitter feed is worth watching for sheer obfusca
Source: PwC and the Robodebt Royal Commission. What’s the scam? – Michael West
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