VANCOUVER, British Columbia — British Columbia is well known for its spectacular landscape and outdoorsy living, its swanky urban real estate and bouillabaisse of cultures.
A fact not so well known? It has a sweet deal for businesses, offering them tax breaks in an unusually opaque arrangement.
Like many places, British Columbia set up a system of tax incentives to lure businesses to the far western Canadian province in the hopes of creating jobs and transforming Vancouver into a global financial center.
But if the program has been good for business, it’s been less beneficial for British Columbia.