Break up the Big Four: interview with George Rozvany

by | Jul 12, 2016 | Video

George Rozvany, a former insider in Big Four accounting and multinational executive, lays out his solution to corporate tax avoidance in this interview.


George Rozvany

George Rozvany

George Rozvany is Australia’s most published expert on transfer pricing, which is one of the principal ways large corporations pursue cross-border tax avoidance. Rozvany stepped down in 2015 as head of tax in Australia for the world’s biggest insurance company, Allianz. Formerly, he was an insider at Ernst & Young, PwC and Arthur Andersen.


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    The huge budgetary impact in Australia of multinational tax avoidance, the blunt refusal of tax commissioner Jordan to name corporate names in Parliament, even under parliamentary privilege, the severe penalties for current and former tax officers for breaching tax secrecy provisions and disclosing inside information, the commercial-in-confidence muzzling of Big 4 employees, the absence of whistleblower protection, the lack of an effective regulator of the top-end tax advice industry and the apparent inability or unwillingness of the ATO to keep the multinationals in line, dictate the need for a Royal Commission.

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    Its not only a simple & compelling solution, its an innovative one – something that should be seized on by the government, unless of course that’s just a slogan….
    Its also one that can be applied across the board. Just as there are penalties for breaches, why not provide rewards for compliance? A lesser example is to reduce licence/registration fees for drivers with good records.

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