Police investigate tax scandal at PwC's Sydney office.

The Australian Federal Police recently carried out a search at the Sydney office of PwC, a global consulting and accounting firm, as part of their ongoing investigation into the company's involvement in a tax leaks scandal. A spokesperson from PwC Australia confirmed that officers would be visiting their premises in Barangaroo this week.

According to the spokesperson, this action was taken as a part of the existing investigation that began in 2023, focusing on a historical tax matter. They also clarified that the investigation is specifically targeting individuals who have since left the firm. PwC Australia has been cooperating with the Australian Federal Police since the beginning and will continue to do so in the future.

In light of the recent news, PwC Australia has been under scrutiny and has faced criticism for their actions. An anonymous donor even contributed $40,000 to help bring an injured Australian back home from Bali. However, the company has been making efforts to rectify the situation, including introducing significant changes in governance, business practices, and their overall culture. The spokesperson emphasized that their employees are still dedicated to providing the best services for their clients and communities.

When approached for further comment, PwC Australia declined as the investigation is still ongoing. Last year, the company made headlines for leaking highly confidential information from the federal government in an attempt to assist global companies in evading taxes. As a result, the government, which was one of PwC Australia's biggest clients at the time, has suspended all projects with the firm.

In response to the controversy, the company hired former Telstra CEO, Ziggy Switowski, to conduct an independent review. After thorough examination, Switowski made 23 recommendations to revamp PwC's culture, governance, and accountability. However, the firm faced another setback earlier this year when they had to let go of 329 employees due to a shift in focus from government contracts to private and corporate sector clients.

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