{"id":27718,"date":"2015-02-06T12:21:01","date_gmt":"2015-02-06T12:21:01","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=27718"},"modified":"2015-02-06T12:21:01","modified_gmt":"2015-02-06T12:21:01","slug":"pwcs-global-accounts-hide-a-secret-like-macavity-its-not-to-be-found-there","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/02\/06\/pwcs-global-accounts-hide-a-secret-like-macavity-its-not-to-be-found-there\/","title":{"rendered":"PWC’s global accounts hide a secret: like Macavity, it’s not to be found there"},"content":{"rendered":"

I thought I would have a quick look at PWC's global accounts this morning. After all, it has said today<\/a> that it needs to do more to \" explain the positive role we play in the tax system\". I thought having a look at its own accounts would be the right place to start.<\/p>\n

So, I went to its web site. But as there are no links to accounts I followed the following link at the bottom of each page:<\/p>\n

\"Screen<\/a><\/p>\n

You're not missing that it's the small print: that's exactly where it's hidden. But I followed the link<\/a> and found that:<\/p>\n

PwC is the brand under which the member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide professional services.<\/p><\/blockquote>\n

So where is this mighty company? Conveniently, the answer is here in the UK, where it has company number 3590073. And these are its accounts:<\/p>\n

\"Screen<\/a><\/p>\n

 <\/p>\n

Unaudited looks odd. So does the total financial disclosure, which is as follows:<\/p>\n

\"Screen<\/a><\/p>\n

 <\/p>\n

And<\/p>\n

\"Screen<\/a><\/p>\n

 <\/p>\n

So there we have it. The organisation that appears to be behind PWC's web site does not \u00a0trade, and has no assets or liabilities, despite the fact that it has an impressive list of 21 directors<\/a> from around the world to achieve this goal.<\/p>\n

As an exercise in transparency it's a staggering example of opacity.<\/p>\n

It's almost as if PWC is really Macavity, the mystery cat<\/a>\u00a0for when they reach the scene of crime\u2013Macavity's not there!<\/p>\n

You have a little more explaining to do as yet PWC. Why not start with your global accounts that reflect the single entity you really are, prepared on a\u00a0country-by-country reporting basis?<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I thought I would have a quick look at PWC’s global accounts this morning. After all, it has said today that it needs to do
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