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Tom Seymour

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Tom Seymour is the former CEO of PwC in Australia.[1][2] He also served as PwC's Asia Pacific network and a part of the firm's Global Tax and legal leadership team.[3][4]

Education

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Seymour attained a Bachelor of Commerce from the Queensland University of Technology and a Bachelor of Laws (Hons) from Bond University. After he graduated, Seymour joined the office of PwC on the Gold Coast in 1994 and became the CEO in March 2020.[3][5]

Seymour is a Fellow of the Institute of Chartered Accountants in Australia.[6]

PwC tax scandal

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Main article: PwC tax scandal

In January 2023, PwC faced a scandal as Australia's Tax Practitioners Board banned Peter-John Collins, PwC's former head of international tax, for sharing confidential Treasury meeting details about new laws designed to curb tax avoidances with fellow PwC employees.[7][8][9] Earlier in May, the Senate committee revealed through emails that PwC had used the confidential information provided by Collins, who signed strict non-disclosure agreements, to advise its clients and win new business. Seymour, who was managing Collins when he ran the Australian arm of PwC's tax division, admitted that he was among the several partners who received emails[2][3][10][11] regarding the financial success of the tax advice in 2015 and 2016.[12][13][14][15]

The emails revealed the sharing of confidential information with colleagues in the United Kingdom, Ireland, and the United States.[16] It also contained praises for the "accuracy" of Collins’ advice in winning millions of dollars worth of new business in North America as well as with the other PwC offices around the world, including in the United States, Netherlands and Singapore.[14]

Seymour initially planned to retire in September[12] but resigned three days after admitting his knowledge about the controversial strategy of the international tax advisory practice in Australia.[17][14]

Following Seymour's resignation, Kristin Stubbins was appointed as the Acting CEO for PwC Australia[11][12] until her resignation in October, 2023.[18][19]

Award

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Seymour received the Robert Stable Medal at the 2022 Bond University Alumni Awards.[20]

References

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  1. ^ Aston, Joe (2023-05-09). "Tom Seymour, PwC's fall guy". Australian Financial Review. Retrieved 2023-08-09.
  2. ^ a b Belot, Henry (2023-05-08). "PwC Australia chief executive Tom Seymour resigns in wake of tax policy leak". The Guardian. ISSN 0261-3077. Retrieved 2023-08-10.
  3. ^ a b c Santoreneos, Anastasia (2023-05-09). "PwC Australia Chief Tom Seymour resigns amid tax leak scandal". Forbes. Retrieved 2023-08-09.
  4. ^ "View from the Top | Tom Seymour of PwC Australia". People Matters. 2022-07-19. Retrieved 2023-08-10.
  5. ^ "Tom Seymour". Bond University. Retrieved 2023-08-09.
  6. ^ "Tom Seymour appointed to AMC board". APDR. 2022-06-18. Retrieved 2023-08-10.
  7. ^ Boland-Rudder, Hamish (2023-05-17). "Accounting giant PwC is in crisis mode amid a growing Australian tax leak scandal – ICIJ". International Consortium of Investigative Journalists. Retrieved 2023-08-10.
  8. ^ Belot, Henry; Canales, Sarah Basford (20 October 2023). "PwC partner at centre of tax advice scandal banned by Asic for eight years". The Guardian.
  9. ^ Jackson, Lewis (6 August 2023). "Australia announces tax adviser crackdown after PwC leak scandal". Reuters.
  10. ^ Yeates, Clancy (2023-05-08). "PwC chief steps down as tax leak scandal shreds company reputation". Sydney Morning Herald. Retrieved 2023-08-09.
  11. ^ a b "PwC Australia CEO steps down after tax documents leak scandal". Reuters. 2023-05-09. Retrieved 2023-08-10.
  12. ^ a b c Ravlic, Tom (2023-07-03). "PwC adds eight partners to exit list over tax leaks scandal". The Mandarin. Retrieved 2023-08-10.
  13. ^ Barrett, Jonathan (2023-05-31). "PwC Australia scandal: what actually happened and will it be fatal for the advisory firm?". The Guardian. ISSN 0261-3077. Retrieved 2023-10-29.
  14. ^ a b c Fildes, Nic (2023-05-08). "PwC Australia chief resigns over tax law leaks". Financial Times. Retrieved 2023-08-09.
  15. ^ "PwC chief: 'I am one of the partners' in tax leak emails". Australian Financial Review. 2023-05-05. Retrieved 2023-10-29.
  16. ^ Foley, Stephen; Fildes, Nic; O’Dwyer, Michael (7 May 2023). "PwC launches review over Australian tax law leaks". Financial Times.
  17. ^ "PwC chief steps down over tax leaks scandal". Australian Financial Review. 8 May 2023.
  18. ^ "Former PwC Australia acting CEO Kristin Stubbins to leave firm". Australian Financial Review. 23 October 2023.
  19. ^ "Former chief executive heads for exit at PwC".
  20. ^ "PwC boss Tom Seymour claims top alumni award". Bond University. Retrieved 2023-08-09.
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