Senator Deborah O'Neill reveals why PwC tax leak scandal matters to all ... trends now
The Labor Senator leading the fight to expose PwC for a dodgy tax evasion scheme has accused the company of being unable to 'see beyond its own interests'.
Deborah O'Neill told Daily Mail Australia how the embattled 'Big Four' consultancy firm seemed more focused on it protecting its own reputation than getting to the bottom of the scandal.
'It's not for PwC to curate the information in the company's interests,' Senator O'Neill said. 'Begin the journey back to respect by turning the information over.'
Daily Mail Australia understands the global head of reputation is currently coordinating with the local PwC team regarding the response to the crisis.
Senator O'Neill said the scandal is one that impacts every single Australian, regardless of whether they've ever had any direct link to PwC.
The firm is one of the big four in consultancy globally, and works closely with the Australian federal government.
PwC staff used sensitive, confidential information to draw in companies and drive tax policies which could have cost the Australian economy as much as $180million in lost revenue from big foreign companies.
Deborah O'Neill told Daily Mail Australia the scandal is one that impacts every single Australian, regardless of whether they've ever had any direct link to PwC
Every Australian's superannuation account relies on 'truthful, accurate information about what is happening in the market' and PwC is among firms auditing the books of these companies to assure the public their future has been invested in good, steady hands, Senator O'Neill said
'It's a mysterious world these companies get to operate. They have an extraordinary power imbalance and asymmetry with the people they are bound to serve,' she said.
Senator O'Neill is calling on PwC to 'name the names' and 'let Australians and the international financial markets discern who has and hasn't acted ethically'.
Leaked emails of the scandal show up to 63 individuals were included on email threads which contained classified information.
So far, just four names have been made available to the public. All four of the men, once senior partners at the firm, have since left.
Four of the wealthy partners at the centre of the PwC tax scandal gripping Australia have been revealed - and at least two were once employed by the