PricewaterhouseCoopers has lost a Russian client, as it continues to battle
in the courts about its role with oil business Yukos.
PwC partner Stanley Root said the carmaker’s decision was based on
competition and was not linked to the Yukos affair, reported The
‘We are not afraid of competition, because in many cases we come out
winners,’ said Root.
PwC has appealed a decision by the courts for its alleged role in helping
Yukos dodge taxes, for which the Big Four firm was fined $14m (£7.1m).
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
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