Tax code of conduct

In 2004 PwC introduced a Tax code of conduct to set out formally the terms upon which our tax practitioners do business. Since its introduction, we have shared the code freely with regulatory bodies and our clients around the world. The code is based on five core principles.

1. All tax advice that results in positions taken in a client’s tax return must be supported by a credible basis in tax law.
2. No tax-planning advice may rely in any way on less than full disclosure.
3. Tax-planning advice must only be given in the knowledge of the actual facts and circumstances of the client concerned.
4. Tax-planning advice must always involve discussion of the wider consideration of all risks involved, including how our client’s actions might be viewed by others.
5. We are advisors on tax planning and not principals or counterparties.