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Australian regulatory shake-up post PwC debacle

The tax world has been shaken by the revelations of PwC partners’ involvement in leaks of confidential government tax documents in Australia to multinational clients. Glyn Fullelove, editor-in-chief, Tax Weekly, considers how this could affect UK tax rules

The fall-out from the rulings of the Australian Tax Practitioners Board against PwC and one of its partners continues; this article looks at the latest developments and whether what is happening in Australia has implications for the regulation of the tax profession in the UK.

Background

In brief, in January 2023, a (now former) partner of PwC had his licence to practise revoked for two years, for leaking confidential information provided to him by the Australian government.

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