PwC | Global news | Tax

An overview of PwC global news:

United Kingdom

PwC UK launches UK tax AI assistant tool Professional services firm PwC has rolled out a new AI tool to assist its UK tax wing with its work for clients.
20 February 2024
Canada

PwC Canada acquires property tax consultancy Equitable Value PwC Canada has acquired Equitable Value Inc., a Toronto-based property tax and valuation consulting firm.
24 January 2024
United Kingdom

UK’s largest listed companies contribute £90 billion in taxes A new study suggests that the UK’s largest listed companies contributed nearly £90 billion in taxes in the last financial year.
12 December 2023
Australia

PwC commits to full recommendations list of independent report The Ziggy Switkowski report into culture and governance at PwC has been publicly released, with the firm committing to its full suite of recommendations including the appointment of an independent ch
27 September 2023
Australia

Government releases new legislation in response to tax scandal Large global entities caught promoting tax evasion schemes could face penalties of up to $780 million as per new legislation released by the government in response to the PwC tax policy breach.
20 September 2023
Australia

PwC sends global leaders to Australia to damage control spiralling crisis Facing the risk of spiralling global crisis, PwC is scrambling to contain the damage caused by the ‘government leak scandal’ in Australia.
12 May 2023
United Kingdom

British inflation hits new three-decade high The UK’s cost-of-living crisis further deepened in February, according to official figures.
25 March 2022
Middle East

Digitalisation is top tax compliance priority in the Middle East Tax regimes worldwide are getting stricter and more digitally advanced – pushing organisations to explore a range of new risk management tools.
10 June 2021
Middle East

Transfer pricing to take centre stage in Middle East taxation As the global transfer pricing landscape becomes more sure-footed, businesses headquartered in the Middle East are still grappling with new legislation at domestic and multilateral levels.
02 September 2020
Middle East

PwC's transfer pricing team and leader Mohamed Serokh lauded PwC Middle tax partner Mohamed Serokh has been singled out as the Editor’s Choice pick in the International Tax Review’s European Tax Awards for 2020.
26 May 2020
United Kingdom

Millionaire Monaco-based Matalan founder sues PwC over tax liability John Hargreaves, founder of UK discount retailer Matalan, is suing PwC over claims the firm’s advice left him liable for as much as £135 million in tax.
22 May 2020
South Africa

TaxTim and PwC continue their African expansion Cape-Town based tax solution firm TaxTim has leveraged its partnership with Big Four accounting and advisory firm PwC to expand into the Nigerian market, continuing its African expansion.
09 April 2020
South Africa

PwC's recommendations for the upcoming SA budget In anticipation of the upcoming budget speech at the end of this month, PwC South Africa has offered its predictions and recommendations for the much anticipated statement.
14 February 2020
India

Tax cuts are boosting India's profile internationally The Indian government’s efforts to portray a pro-business stance – most recently through a major slash in corporate taxes – appears to be paying off in a global setting, according to Global Tax and L
19 December 2019
Middle East

Global PwC study ranks Bahrain as the easiest country to pay tax Bahrain has been deemed the easiest place on earth to pay taxes according to an assessment by the World Bank and PwC, with Qatar, Kuwait and Oman placing among the top ten.
02 December 2019
South Africa

Mixed reviews for South Africa's taxation system New analysis from PwC that examined tax practices and mechanisms across the globe has reflected a decline in South Africa’s taxation system relative to the global scenario.
29 November 2019
Middle East

PwC points to priorities for the future of tech-enabled tax functions PwC has examined the future tax function landscape in the Middle East, identifying six priority areas for regional businesses.
15 October 2019
India

Technology is set to smoothen the GST collection process in India Two years on from the introduction of India’s Goods and Services Tax (GST), Big Four accounting and advisory firm PwC has released detailed analysis of the current scenario surrounding the new tax re
22 July 2019
India

Big Four experts reflect on anti-profiteering measures for GST As the government looks to clamp down on the profiteering schemes around the latest Goods & Services Tax (GST) regime, senior executives from Big Four accounting and advisory firms are welcoming the move.
26 June 2019
India

Rising GST revenues need to be boosted further to meet government targets While the increasing pool of revenue collected via the Goods & Services Tax (GST) is a promising sign for India, executives from the Big Four accounting and advisory firms believe that measures must
04 June 2019
Canada

PwC survey links economic growth to healthy public finances The sixth annual Total Tax Contribution survey, conducted by PwC Canada in partnership with the Business Council of Canada, found that 83 of the country’s largest firms contributed $76.
09 May 2019
South Africa

PwC Partner argues against evidence of profit-sharing tactics in South Africa New research has revealed that the shifting of revenues from South Africa to tax havens is causing an 80% dent in overall revenue flow in the market, leading to widespread public outcry.
16 January 2019
South Africa

PwC announces this year's winners for Building Public Trust Awards Global professional services firm PwC has held the 2018 edition of its Building Public Trust Awards, and the overall award for ‘tax reporting for multinational companies has gone to AngloGold Ashanti
14 December 2018
Peru

Ex-PwC tax partner Javier de la Vega joins law firm Garrigues Javier de la Vega has joined the Garrigues tax and financial services team in Peru. The move will see De la Vega appointed as a partner at the firm’s Lima office.
06 June 2018
United Arab Emirates

PwC first of Big Four approved as a registered tax agent in the UAE Big Four firm PwC is the first of the group of accounting giants to be accepted as a registered tax agent by the UAE.
28 May 2018
South Africa

Tax-increment is an unpleasant necessity for the South African budget, says PwC Global professional services firm PwC has weighed in on the debate around the imminent South African budget, warning that the country’s budget deficit might spiral to R250 billion if taxes are not dr
23 February 2018
United Kingdom

Financial professional services could add £16 billion in taxes by 2025 UK accounting and legal firms paid £15.5 billion in taxes last year.
30 October 2017
United Kingdom

European report calls for greater regulation of Big Four auditors A survey on global tax avoidance, prompted by the Panama papers scandal in 2016, has called for new measures to hold the auditing practices of Big Four firms Deloitte, EY, KPMG and PwC to account.
10 July 2017
United Kingdom

EY, PwC, Deloitte and KPMG helping Indian firms prepare for GST Big Four professional services firms in India have set up large national teams that work overtime to support businesses transform their various indirect tax processes to meet the new GST framework.
06 September 2016
India

EY, PwC, Deloitte and KPMG helping Indian firms prepare for GST Big Four professional services firms in India have set up large national teams that work overtime to support businesses transform their various indirect tax processes to meet the new common Goods and
06 September 2016
United Kingdom

Biggest share of tax paid by banks from employment Foreign banks pay the biggest share of tax collected, from the banking industry, to the HMRC, with the largest contribution coming in from taxes collected from their employees’ wages, research by PwC
05 October 2015
United Kingdom

PwC buys Ellis Financial Systems for tax reporting rules PwC has acquired Ellis Financial Systems for an undisclosed sum. The deal sees Ellis’ tax related software packages move to PwC.
11 September 2015

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