Apple, Google and Microsoft believed to be among 23 US tech firms that PwC Australia approached with a tax avoidance workaround hours after treasurer Joe Hockey announced a new law in 2015.
Why it matters: PwC used secret government info to advise clients how to sidestep new tax lawsPwC’s global leadership has now intervened and is doing its own reviewThere are calls for PwC to be banned from government contracts over the scandal
While the 14 US tech giants who took up PwC’s plan and engaged the firm to sidestep the multinational anti-avoidance law are likely to already know that they are named in PwC believes the identities of these companies are likely to be released by order of the Senate in the coming weeks, meaning the tech companies now find themselves embroiled in the expanding scandal.about what the firm had told Apple, Google and Microsoft, but a spokesman said in a statement: “We deeply regret that we have failed the high standards we set for ourselves as an organisation.
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