Will PwC Australia collapse in 2023?

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resolved Jan 8

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There has been a recent scandal where a tax partner leaked tax plans to his colleagues to help multinationals avoid the new tax rules.

https://www.abc.net.au/news/2023-05-23/pwc-in-the-firing-line-as-afp-gets-involved/102376954

PwC breached the Australian government’s trust, now it is facing the consequences

A Treasury investigation into the impact of a PwC tax expert’s use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns.

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@Daniel_MC Can this resolve?

How are you defining collapse?

@PipFoweraker you know it when you see it - they are no longer operating under the name PwC or have stopped operating.

After the recent scandal, will any PwC partners not involved in the scandal leave the firm in because of the scandal?

50% chance. A PwC partner leaked government tax plans to his colleagues to help their clients avoid the new rules. I will resolve this market yes if in 2023 any partner who was not involved in the scandal leaves the firm, citing the scandal as the reason. This article gives a summary of the scan…

https://manifold.markets/Daniel_MC/will-pwc-australia-be-banned-from-f?r=RGFuaWVsX01D

Will PwC Australia be banned from federal government work in 2023.

53% chance. PwC Australia is caught in a scandal after it has been revealed that in 2014 a partner working for the government broke a confidentiality agreement by leaking planned changes in the tax laws to prevent multinationals avoiding taxes. https://www.abc.net.au/news/2023-05-23/pwc-in-the-fir…

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