PwC has agreed to pay the US Department of Justice $42m after it was accused
of overcharging the federal government for travel expenses.
The DoJ said PwC knowingly failed to disclose that it had been receiving
travel-related rebates from credit card companies, airlines, hotels and other
service providers while still claiming expenses from the US government.
PwC said it was pleased to resolve the matter and had changed the policy that
gave rise to the matter in 2001 – before it was aware of a government
investigation. It admitted no wrongdoing.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed