PwC Tax Revenues for y/e 30 June 08: US$7.5 billion

PricewaterhouseCoopers today disclosed that total gross revenues for its worldwide network of firms rose to a record US$28.2 billion for the fiscal year ended 30 June 2008, an increase of 8 per cent at constant exchange rates. At variable rates of exchange, growth was even higher at 14 per cent.

Revenues from tax operations were up 13 per cent to US$7.5 billion, reflecting strong growth across the full range of service offerings. For the first time tax and advisory accounted for more than half of PwC’s global revenues, 51 per cent, compared with 48 per cent in FY2007 and 44 per cent four years ago.