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U.K. Lawmakers Accuse PwC of Promoting Multinational Tax Dodges

A U.K. parliamentary panel accused PricewaterhouseCoopers LLP of promoting tax avoidance by multinational companies and misleading lawmakers as it called on authorities to urgently review accountancy practices.

“We believe that PricewaterhouseCoopers’s activities represent nothing short of the promotion of tax avoidance on an industrial scale,” Public Accounts Committee Chairwoman Margaret Hodge said in a statement Friday. Unless Her Majesty’s Revenue & Customs “takes urgent action, this irresponsible activity will go unchecked, causing harm to both the public finances and the reputations of the companies involved,” she said.