Labor launches crackdown on tax adviser misconduct following PwC scandal

Government says it will increase penalties for promoting tax avoidance schemes and bolster regulators’ powers Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastPenalties for promoting tax avoidance schemes will be increased tenfold and financial regulators will get much stronger powers as the federal government seeks to fix “severe shortcomings” in the nation’s financial systems exposed by the Pw