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Australia to Increase Tax Evasion Promoter Fines

by Starling Insights

Observations

Dec 04, 2023

The Australian government is set to introduce legislation to impose stringent fines of up to $780 million on companies found undermining tax laws. The move follows the PwC tax leaks scandal, which prompted a reassessment of government use of Big Four firms.

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Australian Government Cuts $500mn in Consulting Spend

by Starling Insights

Observations

Aug 22, 2023

In the most recent financial year, the Australian government has drastically reduced its spending on external advisory. Top consulting firms — KPMG, PwC, EY, Deloitte, and Accenture — secured contracts worth approximately $1.2 billion with federal government departments, a notable decline from nearly $1.7 billion the previous year.