The “stupendous” consultancy spend milking taxpayers

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By Leith van Onselen

Over the past two years, various reports have emerged documenting the billions in taxpayer funds that have flowed to consultants, especially the Big Four accounting firms.

In September 2016, Michael West reported how the Big Four accounting firms had taken corporate welfare to an extraordinary level, earning up at least $2.6 billion in fees from the Australian government over the past ten years at the same time as they advised multinationals on how to avoid paying tax.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.