Overpriced and underwritten - The hidden costs of Public-Private-Partnerships

Source: Nick Shaxson, Tackle Tax Havens blog

A phenomenon that has become quite fashionable over the last decade or so among governments is the Public-Private-Partnership, or PPP. The UK started to introduce this model in the mid-1990s, and it is also a favoured option in Spain and Hungary. One of the many dangers is that it allows private companies who enter into partnership with government to funnel the profits into tax havens.

Read more at
http://www.tackletaxhavens.com/2012/06/overpriced-and-underwritten-the-h...