SYDNEY - PwC Australia advised Uber and Facebook how to restructure in face of an Australian law clamping down on tax avoidance, but both companies said on Friday they were surprised to find out PwC’s advice may have beenThe “big four” firm is under pressure to name all the clients it advised on the basis of confidential government tax plans leaked by a former partner between 2014 and 2017 while consulting for the government on international taxation.
Facebook said it was one of the first multinationals to restructure to comply with the tax avoidance law. A PwC Australia spokesman said the matter “was a PwC issue” and its “clients were not involved in any wrongdoing and no confidential information was used to enable clients to pay less tax”.
Source: Law Daily Report (lawdailyreport.net)
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