PwC boss apologises for company conduct in tax scandal
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PwC chief executive Kevin Burrowes has apologised for the company's conduct in the tax advice scandal at a Senate inquiryThe firm's boss said the company had let its workers and the government down through the behaviour of its partners who had passed on confidential Treasury informationHe also defended Ziggy Switkowski, who conducted an internal review into the workplace culture within PwC, despite claims from senators the report was inaccurateMr Burrowes also revealed six international partners were under investigation for not raising they had received confidential informationThe PwC boss also maintained the only breach of Treasury information came from the start date of when the tax laws would be implemented, and not how companies should be restructuredFormer chief executive Luke Sayers, head of PwC between 2012 and 2020, also appeared at the Senate inquiryMr Sayers said he had no knowledge of the tax advice scandal but apologised due to the events happening on his watchHe also revealed PwC recommended breaking up its consultancy arm in 2018 due to concerns over conflicts of interest, but was blocked by global managementThe Department of Finance also paved the way for PwC spin-off company Scyne Advisory to be able to work on government contractsPwC's government consultancy arm was sold off for $1 earlier this year to Allegro Funds, which then formed Scyne Advisory
