Thread regarding PwC layoffs

Don't Feel Bad

Please read this: http://www.michaelwest.com.au/oligarchs-of-the-treasure-islands/

OK, feel bad now.

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Summary:

The “Big Four” global accounting firms – PwC, Deloitte, KPMG and Ernst they have infiltrated governments at every level and should be broken up.

This is the view of George Rozvany, Australia’s most published expert on transfer pricing, which is one of the principal ways large corporations pursue cross-border tax avoidance. Rozvany stepped down last year as head of tax in Australia for the world’s biggest insurance company, Allianz. Formerly, he was an insider at Ernst & Young, PwC and Arthur Andersen.

“The Big Four have, under a Rasputin-like cloak of illusion strayed from their original and critical role of verifying the accuracy of financial accounts for all stakeholders, to be “accountants of fortune” merely representing the accounting position for multinationals and developing aggressive international tax avoidance practices,” he told michaelwest.com.au.

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