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PwC 'Insources' More Companies' Tax Teams

February 19, 2019

At the beginning of 2017 PricewaterhouseCoopers made an unusual move: hiring General Electric’s huge tax team. PwC got not only a lot of tax expertise but also GE’s advanced tax-focused technology. GE, for its part, lowered its costs while retaining access to its legacy team of tax professionals. After absorbing 600 additions to its workforce, the professional services firm set a goal to execute an additional five to seven such transactions in 2018. And it did that, PwC says, although it declines to identify the companies — except the latest one. Read more at CFO.com.