PwC partner at centre of tax advice scandal banned by Asic for eight years

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Financial regulator finds Peter John Collins is ‘not a fit and proper person to provide financial services’

partner at the heart of a confidentiality scandal that triggered a reputation crisis at the firm and a costly sell-off.

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandalThose emails also confirm the information from Treasury was used to secure work from “brand-defining” US companies in a push known internally as “the North American Project”. “ASIC found that Mr Collins disclosed confidential information he obtained in his roles as a tax advisor to the Commonwealth Treasury and the Australian Board of Taxation,” the watchdog said in a statement.

The Asic deputy chair, Sarah Court, told a Senate inquiry on Friday it was still working through a list of 160 names of PwC Australia staff who hold financial services licences to determine any other potential misconduct.

 

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