PwC Unit Sale Fails to Ease Concerns, Australia Senator Says
- PwC is selling the unit for A$1 to private equity firm Allegro
- The move was labeled “unseemly” hasty and “self-centered”
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PwC’s decision to sell its scandal-plagued government services business in Australia has done little to ease its troubles in the country, with a senior lawmaker questioning the firm’s motives.
PwC, which has been under fire after it used confidential information gathered during its tax advisory work with the government to advise global companies on how to benefit from new tax laws, on Sunday announced the sale of its government business for A$1 (67 cents).