(AUSTRALIA) – Former PwC tax partner, who found himself embroiled in the firm’s tax leaks scandal, has embarked on a new career path by establishing and unveiling his own practice, McNab Tax Lawyers, aimed at providing specialized guidance to a dedicated group of clients who have stood by him during the past three months.
Paul McNab’s decision to set up his independent venture was driven by circumstances that led to his resignation from DLA Piper in June, prompted by PwC naming him in response to Senate inquiries about the tax leaks controversy.
PwC, in its response to the Senate committee, clarified that McNab’s departure was unrelated to his involvement in the tax leaks matter.
PwC partners in legal disputes over tax leak
McNab refrained from commenting on his new endeavor but hinted at potential legal action against PwC, expressing his disappointment with the way the firm handled the situation.
This move follows a recent successful lawsuit by another PwC partner, Richard Gregg, who accused the firm of improper procedures in an attempt to terminate his employment.
Gregg, similarly named in connection to the tax leak allegations, is currently engaging in mediation with PwC as per the partnership agreement.
Meanwhile, Neil Fuller, another partner among the quartet alongside McNab, is pursuing a legal case against the firm in the NSW District Court, with the case pending a hearing.
These developments coincide with Peter Konidaris, a former partner also implicated in the tax leaks scandal, who has now joined KordaMentha as a consultant following his exoneration by two separate PwC investigations.
The tax leaks incident involves the leakage of confidential government tax data by former PwC partner Peter Collins to the firm’s partners and staff, enabling multinational clients to circumvent newly designed tax laws.