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

Sydney Olympic and South Melbourne set for derby showdown at Jubilee Stadium

Sydney Olympic and South Melbourne reignite their rivalry at Netstrata Jubilee Stadium for another chapter in the Australian Championship.

Sydney Olympic AGM: Hanlin tackles logo backlash, funding offers and a new direction

Sydney Olympic FC held its AGM on Tuesday, where President Damon Hanlin presented a wide-ranging update on the club’s future direction.

A legacy continued: Celebrating 50 years of the Navarino Society of SA

The 50th anniversary of the Navarino (Pylion) Society of South Australia was marked with a night of pride, nostalgia, and optimism.

Renos Haralambidis reflects on time, art, and the spirit of Hellenism during Sydney visit

Greek filmmaker Renos Haralambidis concluded an insightful and warmly received visit to Sydney, which featured his entire body of work.

Oakleigh Grammar marks OXI Day with heartfelt tributes and student-led performances

With emotion, pride, and deep respect for history, Oakleigh Grammar held its annual celebration for OXI Day on Tuesday, October 28. 

You May Also Like

Adelaide’s 17th annual Odyssey Greek Festival officially launched

The Odyssey Greek Festival, one of South Australia’s biggest annual events hosted by the GOCSA, kicked off on Friday.

Cyprus’ President calls for answers over death of Cypriot Australian Thanasis Nicolaou

Cyprus' President Nikos Christodoulides has called for answers into the death of Cypriot Australian Thanasis Nicolaou 19 years ago.

Tanya Gyzi brings her comedy show ‘My Big Fat Greek Single Life’ to the Adelaide Fringe

Tanya Gyzi has been single for 15 years and instead of feeling miserable she has created a comedy act for Adelaide Fringe this month.