PricewaterhouseCoopers

The tax office has asked the High Court to overturn a decision which found that payments made by Asahi Breweries-owned Schweppes to PepsiCo under agreements to sell brands such as Pepsi and Mountain Dew in Australia were not subject to a royalty withholding tax. 

In a loss for the Australian Taxation Office, the Full Federal Court has found that payments made by Asahi Breweries-owned Schweppes to PepsiCo under agreements to sell brands such as Pepsi and Mountain Dew in Australia were not subject to a royalty withholding tax. 

Lendlease has hit back at a lawsuit by a former Greenwoods & Freehills partner who alleged he was sacked for complaining about the company’s “aggressive taxation position”, claiming the partner reached out after he left the firm welcoming the chance to work with the company again.

Approving a settlement between insurers and group members in an investor class action against lender Axsesstoday, a judge has aired his frustration with expansive confidentiality provisions and deeds that “misapprehend the nature of the court’s role” in dealing with group members’ claims. 

Four insurers have agreed to fork over $1 million to settle an investor class action against lender Axsesstoday over an allegedly misleading prospectus for a bond offering, while claims against PricewaterhouseCoopers will move forward.

PricewaterhouseCoopers has struck back at claims in a Fair Work suit brought by a graduate associate, denying liability for the alleged sexual harassment by the woman’s manager at multiple Sydney bars.

PricewaterhouseCoopers has been sued by an employee who alleges the accounting firm is vicariously liable for an alleged sexual assault by a co-worker after an end-of-financial-year work party.

PwC spin-off Scyne Advisory has lost its bid to temporarily bar a former partner from working at Downer EDI after a judge found the firm had reasonable prospects of success in its case but had inexplicably delayed bringing the proceedings.

Telecommunications giant SingTel has lost its challenge a ruling in favour of the ATO’s decision to reject over $894,000 in tax deductions related to its $14.2 billion acquisition of Optus.

PricewaterhouseCoopers has been slammed for refusing to release a report by law firm Linklaters into alleged wrongdoing by international partners, with a senator saying the firm was “hiding behind” privilege after it made thousands of such claims during an ATO investigation.