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READ MOREPwC slashes R&D staff after being targeted by ATO
Professional services giant PwC laid off more than 30 staff and two partners resigned from its division advising companies on research and development incentive applications as clients were hit with government audits forcing them to pay back millions of dollars.
The mid-year staff cuts came as Australian technology start-ups like online jobs marketplace Airtasker were stunned by an apparently tougher focus from the Australian Taxation Office and AusIndustry, towards the self-assessed incentives, in a bid to claw back $2.9 billion from dubious claims.
Read more at the Financial Review.
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