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Tax laws in Australia and internationally are becoming increasingly complex. Around the world, organisations face many challenges in establishing the most effective tax models. They must also:
We are Australia’s largest multidisciplinary partnership, combining financial and tax skills with those of economists, lawyers and other in-house professionals. Our Australian Tax team can solve your organisation’s complex tax problems from the ideas stage through to execution.
PwC Australia is pleased to publish the Tax advisory firm governance - best practice principles.
These Principles have been developed by PwC Australia, EY Australia, KPMG Australia and Deloitte Australia with input from the Australian Taxation Office and Tax Practitioners Board.
The firms make an important contribution to the operation of the Australian taxation system and work in an existing environment of robust laws, regulations and professional standards. These Principles are being shared to enhance public understanding of our role, further build confidence and trust in the system and to comply with current and future requirements relating to government procurement. In this regard, PwC will also publish an annual statement as set out in the Principles.
The Principles complement PwC’s longstanding Global Tax Code of Conduct and reflect the expectations the community should have of reputable tax advisers. The Principles are voluntary and other firms may choose to adopt them.
PwC Australia is pleased to publish its first Tax Practitioners Board (TPB) Compliance Report for November 2022 to June 2023. The contents of this report sets out the steps the firm has taken in response to an investigation and order by the TPB.
In compliance with the order, PwC is required to provide the TPB with a compliance statement on a 6-monthly basis during the 2023 and 2024 calendar years. The statement must confirm that PwC has complied with its requirements under the TPB order, in addition to other requirements relating to training.
It is not a requirement under the order that PwC’s statements are made public but we are committed to publishing these reports as we continue to enhance the firm’s transparency and culture.