Editing PwC (section)

===Tax issues===
In 2014, it came to light that PwC had received $55m from [[Caterpillar Inc.]] to develop a tax avoidance scheme, according to an investigation of the US Senate, PwC had helped Caterpillar Inc. drastically reduce its taxes for more than a decade.<ref name="Senate report claims">{{cite news|date=31 March 2014|title=Senate report claims Caterpillar avoided $2.4bn in US taxes|newspaper=The Guardian|url=https://www.theguardian.com/business/2014/mar/31/caterpillar-avoid-4billion-us-taxes-senate-report|access-date=16 December 2014|archive-date=26 April 2019|archive-url=https://web.archive.org/web/20190426160243/https://www.theguardian.com/business/2014/mar/31/caterpillar-avoid-4billion-us-taxes-senate-report|url-status=live}}</ref><ref name="audit firms behind">{{cite news|date=6 November 2014|title=Big four audit firms behind global profit shifting|newspaper=Sydney Morning Herald|url=http://www.smh.com.au/business/big-four-audit-firms-behind-global-profit-shifting-20141106-11i08q.html|access-date=16 December 2014|archive-date=8 October 2024|archive-url=https://web.archive.org/web/20241008151748/https://www.smh.com.au/business/big-four-audit-firms-behind-global-profit-shifting-20141106-11i08q.html|url-status=live}}</ref> Profits valued at $8bn were shifted from the US to Switzerland, which allegedly made it possible to save more than $2.4bn in US taxes over a decade. In Switzerland profits were taxed at 4%.<ref name="Senate report claims" /> A PricewaterhouseCoopers managing director who was involved in designing the tax savings plan had written at the time to a PwC partner: "We'll all be retired when this ... comes up on audit."<ref name="audit firms behind" />