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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
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
Ghana

Simplification might be the solution to Ghana's tax woes The number of complicated steps required to pay tax in Ghana might be the biggest barrier to compliance in the country, according to PwC Ghana Partner Abeiku Gyan-Quansah.
21 February 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
Nigeria

Recommendations for Nigeria's new FIRS leadership Following the appointment of Muhammad Nami as Chairman of Nigeria’s Federal Inland Revenue Service (FIRS) late last year, PwC Partner and West Africa Tax Leader Taiwo Oyedele has called for a patient
24 January 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
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
Nigeria

PwC Nigeria executive links revenue levels to crude oil prices Despite economic challenges, real and predicted revenue collection levels in Nigeria continue to rise.
28 August 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
Nigeria

Technology is essential to simplifying the tax compliance process in Nigeria Despite increasing pressure on public coffers and the expanding need for tax collection, inefficiency and a lack of user-friendly mechanisms are posing a major barrier to paying taxes in Nigeria, acc
03 April 2019
Africa

Sub-Saharan Africa's tax practices align with those across the world Tax compliance is an increasingly pertinent issue across the globe and particularly in Africa, where the most pertinent regulations are still being worked out by the various governments.
21 January 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
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
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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