International consulting firm PricewaterhouseCoopers (PwC) has stood down nine employees and apologised to Australia for betraying the country after it was revealed the company used confidential federal government information to generate a product that enabled companies to avoid paying taxes in Australia.
PwC Acting Chief Executive Kristin Stubbins said in a media release on May 29 that internal investigations by the consulting firm had shown that the behaviour of PwC was wholly unacceptable and that no words could make the situation right again.
” I apologise to the community; to the Australian government for breaching your confidentiality; to our clients for any questions this may have raised about our integrity and trustworthiness; and to the 10,000 hard-working, values-driven PwC Australia partners and staff who have been unfairly impacted,” she said….