All of our people have an obligation to abide by our global code of conduct, applying to all member firms of the PwC network.
This is constructed in the context of our Global Purpose Statement - ‘To build trust in society and solve important problems’.
In addition to that, we have a Global Tax Code of Conduct setting clear principles to assist our people in the judgements they make in advising clients on tax matters.
Governments enact laws and enter into treaties with other nations so as to determine how companies and other taxpayers should be taxed. These laws are then interpreted by taxpayers, taxing authorities and, ultimately on occasion, by the courts.
It is a general principle that taxpayers have a right to manage their tax affairs provided they act within the law. Equally they should also be able to access independent advice on their tax position. However, the global nature of the business world together with the complexity and competing priorities of national laws - including tax competition amongst nations - is such that it is not always clear where lines should be drawn. In order to assist with this, the member firms of the PwC1 Network act according to the following Global Tax Code of Conduct.
The main business of the tax practices of PwC firms is to support their clients, where so engaged, to:
PwC firms work with clients that demonstrate high standards of legitimacy and integrity in their business and financial activities. Before accepting clients, and in continuing to work with existing clients, PwC firms satisfy themselves that the client intends to comply with their legal and regulatory obligations in relation to taxation. In this regard we pay particular attention to the following:
We expect all of our people to apply these principles to the way they work, and we encourage them to consult whenever they are in doubt.
Originally issued 2005 and most recently updated 1 July 2015.
1 - PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 158 countries with more than 236,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.