Tuesday, December 4, 2007

An autopsy of the Telus - BCE deal. How the Harper government favoured Private Equity and turned it's back on Canadian investors.

"I would argue we [Telus] would have generated more taxes for the government as a Trust than what we would do as a public entity" Darren Entwistle November 20, 2007

Entwistle describes the advantages for Canadian taxpayers and investors of converting to an Income Trust. This option was no longer available after the Conservative's surprise October 31, 2006 decision to dramatically increase taxes on Canadian Business Trusts.

Also, Entwistle looks at the circumstances which lead to the unsuccessful attempt by Telus to buy BCE and the obstacles put in place by the Harper Conservative government.

The sky is falling... the tax threat of BCE and Telus converting