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PwC to face scrutiny over advice to clients that might allegedly ‘mislead or subvert’ foreign investment review board

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ATO discloses concerns that date back to 2019 in response to questions from Greens senator Barbara Pocock

The consultancy PwC will face fresh scrutiny after the tax office outlined concerns about its advice to clients, dating back to 2019.The consultancy PwC will face fresh scrutiny after the tax office outlined concerns about its advice to clients, dating back to 2019.Australia faces fresh scrutiny after the Australian Taxation Office revealed it had queried advice given to clients that might “mislead or subvert” foreign investment review board processes.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “These are serious and new allegations and need to be thoroughly investigated,” Pocock told Guardian Australia.– led in part by Pocock – is due to release its final report on 12 June after a couple of extensions.

Guardian Australia sought comment from PwC and the treasurer, Jim Chalmers, who oversees the foreign investment review board.In its response to Pocock, the ATO also said it had raised concerns with PwC about it “assisting clients in the preparation of responses to Request for Information notices for clients, where material in those responses was false or misleading to the knowledge of the PwC staff involved”.

 

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