Tag Archive: P3

You always learn something when accountants feud

Dec 9, 2013
Every year in BC people who follow government get an early Christmas present in late November,  For the better part of a week BC’s Auditor General sits down with the legislature’s Public Accounts Committee (PAC) to talk about the Auditor General’s reports. This year’s encounter was quieter than some in the past.  Former Auditor General… View Article

BC hospital P3 ownership moves to tax haven

Nov 6, 2013
One more of British Columbia’s public private partnerships (P3s) has headed on down the road to ownership in a European tax haven.  Bilfinger Berger Global Infrastructure completed deals last summer to acquire equity and loans for the Kelowna Vernon Hospital.  It is also buying out equity and loans on Alberta’s North East Stoney Trail highway… View Article

Tax haven based company buys more BC P3s: British Auditor General questions profits in such transactions

Feb 14, 2012
Two of British Columbia’s public private partnership (P3) projects have changed hands again and once again the new owner resides in a European tax haven. In a separate but related development, last Friday Britain’s Auditor General released a report questioning very high level of profits for some British P3 projects partially generated by flipping the… View Article