PwC Australia faces consequences and sells division after tax leak scandal.
PwC Australia's acting CEO, Kristin Stubbins, has promised "severe" consequences for staff found to have acted improperly in a scandal over sharing secret Australian government tax plans with major multinationals to help them avoid paying. PwC is currently conducting an internal investigation and has already suspended a series of executives. A criminal investigation is also running against the company. PwC Australia has issued a statement saying it is selling its public sector business for a symbolic sum of AU$1 in a bid to ensure such a conflict of interest could not repeat itself.