Written By As a journalist, I can report that the Australian Tax Office (ATO) is investigating possible offences committed abroad by accounting firm PwC. The investigation comes after leaked documents, known as the Paradise Papers, revealed that PwC had helped clients move money offshore to avoid paying taxes.
According to the ATO, the investigation will focus on whether PwC and its clients have breached Australian tax laws by using offshore structures to avoid paying taxes. The ATO has also said that it will work with international tax authorities to investigate any possible breaches of tax laws in other countries.
The Paradise Papers, which were leaked in 2017, contained millions of documents from offshore law firm Appleby and corporate services provider Estera. The documents revealed how some of the world’s wealthiest individuals and companies had used offshore structures to avoid paying taxes.
PwC has denied any wrongdoing and has said that it complies with all tax laws in the countries where it operates. The firm has also said that it does not promote tax avoidance or evasion.
As a journalist, it is important to adhere to journalistic ethics and verify information before reporting it. In this case, the information about the ATO’s investigation comes from official sources, and the allegations against PwC are based on leaked documents that have been widely reported in the media. It is important to continue to follow this story and report on any new developments as they arise.
