Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to the parliamentary inquiry into the consultancy giantFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastPwC’s Australia head, Kevin Burrowes, received a $1.2m payment from the consultancy giant’s international arm that he did not initially reveal to the parliamentary inquiry into the 2015 leaking of confidential government tax reform information.A parliamentary inquiry was told on Friday that Burrowes first told the corporations and financial services committee he was paid an annual salary of $2.4m. That was later corrected to $2.8m. However, he did not disclose the additional income from PwC international until a June meeting of partners this year, about 12 months after he took up the Australian role, as reported by the Australian Financial Review.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/02/pwc-chiefs-12m-bonus-salary-tax-leak-scandal-inquiry
Author : Peter Hannam Economics correspondent
Publish date : 2024-08-02 02:06:34
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PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told
