PwC has disgraced itself down under

ANTHONY ALBANESE, Australia’s prime minister, has called it “completely unacceptable”. Jim Chalmers, his treasurer, is “furious”. The object of their ire is PwC. The professional-services giant is in hot water over allegations that, after helping the government design a new system to make foreign multinational firms pay more tax, it used its inside knowledge to help global clients circumvent those same measures.

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The scandal centres on Peter-John Collins, a former PwC partner who counselled the government on the tax rules between 2013 and 2015

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