The government of the Australian state of New South Wales (NSW) has placed a temporary ban on scandal-plaguing consultancy firm PricewaterhouseCoopers (PwC) as it seeks to improve the quality of consultant services provided by third parties.
On June 15, the NSW government announced that it would suspend PwC from getting new government contracts concerning taxation policies for three months in response to the recent leak of confidential federal documents.
PwC has been engulfed in a federal investigation after former partner Peter Collins shared confidential government documents with fellow partners and staff. This allowed the consultancy firm to generate a system that facilitated large companies to avoid paying newly devised taxes in Australia….