Peter Konidaris among eight individuals to exit PwC amid tax leak scandal

·

Eight individuals will exit the consulting giant PwC over their involvement in a recent tax leak scandal.

PwC has been in damage control to repair the company’s reputation after it was revealed that a number of senior partners at the firm had used confidential government advice to drum up work from multinational companies and help them pay less tax.

According to The Sydney Morning Herald, Peter Konidaris is among the eight people who are being “exited” from the partnership or in the process of being removed, following an internal investigation.

Konidaris was also on the Victorian government’s Melbourne Arts Precinct Corporation board, but Creative Industries Minister Steve Dimopoulos said on Monday that he had quit the role.

“Peter was outstanding on the board, but he has now resigned,” Dimopoulos said. “The government has a code of ethics when it comes to consultancies and we are reviewing it now, more information will come.”

PwC is seeking to remove eight partners from the firm (clockwise from left): Peter van Dongen, Eddy Moussa, Pete Calleja, Peter Konidaris, Tom Seymour, Wayne Plummer and Sean Gregory. Photo: The Australian Financial Review

Other PwC partners to “exit” the firm are Eddy Moussa, Richard Gregg, Pete Calleja, Sean Gregory, Peter van Dongen, Wayne Plummer and former chief executive Tom Seymour.

The company said it had found “specific examples” where the individuals breached professional standards and a “failure of leadership and governance,” either at the time of the confidentiality breach or while matters were being investigated by the Tax Practitioners Board or Australian Taxation Office.

Last month, PwC handed over to the Senate the names of staff it said were implicated in the tax leak scandal. A demand from the Senate estimates committee followed, to name all those involved.

Source: The Sydney Morning Herald

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Let’s Go Greek Festival to make history with 500kg gyros in Parramatta

Parramatta will soon be serving up history as the Let’s Go Greek Festival returns on September 21 - with the creation of the largest gyros.

A Life, A Tradition: The Greek Lyceum of SA’s ‘Cycle of Life’ performance

The Greek Lyceum of South Australia transformed the stage into a platform for artistry and community spirit on Sunday, September 14.

Zeibekiko Festival Australia brings dance and song to Melbourne this October

Melbourne will be at the heart of the 3rd Zeibekiko Festival Australia with a rich program of events to the city from 4–5 October.

Panathinaikos BC visit the Greek Centre in Melbourne ahead of the big game

Players and officials from EuroLeague giants Panathinaikos B.C. (PAO) toured the Greek Centre this morning.

Greek Stage Theatre revives the Golden Age of comedy with ‘A Sky with Stars’

Sydney’s Greek Stage Theatre brings the golden age of Greek comedy back to life in 'A Sky with Stars' - a tribute to cinema legends.

You May Also Like

NSW Labor majority remains in doubt as Eleni Petinos MP retains seat

NSW Labor's hopes of forming majority government hang in the balance as Member for Miranda, Eleni Petinos, retained her seat.

‘Product of theft’: Greece urges UK again to return Parthenon marbles

As the New Acropolis Museum celebrated its 11th anniversary on Saturday, Athens reinvigorated its call for Britain to return the Parthenon marbles.

Meningococcal warning issued to parishioners at Newtown Greek Orthodox church

A meningococcal warning has been issued for churchgoers from the Saint Constantine & Helen Greek Orthodox Church in Newtown.