New Budget Measure Could Pose Impediment to Financial Sector

The Globe and Mail, Steven Chase & Tara Perkins, 22 March 2007Federal Finance Minister Jim Flaherty's office declared yesterday that it has no intention of backing away from a controversial budget move to scrap the tax deductibility of interest that companies incur to fund foreign operations.Taxation experts have warned this measure � which Finance describes as eliminating an undesirable tax