Globe and Mail reads blogs part 2

Ah, that headline again. Our sixth installment regarding the professional media following the blogosphere.

Here is an excerpt from a post written by one of my colleagues on March 27th:

It looks like the biggest piece of proposed legislation in Finance Minister’s Jim Flaherty budget from last week has received almost no attention from the media to date. The so-called International Tax Fairness Initiative proposes legislation that will restrict the ability of Canadian acquiring companies to deduct the financing costs of such investments/acquisitions from their net income.

And here is the editorial from The Globe and Mail on April 4th:

Buried within the federal budget, relegated to a mere eight paragraphs, is a proposed tax change that has rattled corporate teacups across the nation. Finance Minister Jim Flaherty figured that his bid to end the deductibility of interest on money borrowed at home to fund business operations abroad was a trifling change to bring fairness to the system. In response, executives are warning that the change could cripple Canadian companies’ efforts to expand, while potentially adding hundreds of millions of dollars to their tax tab.

Wasn’t the budget released on March 19th? If the Dead Tree Media missed it during the budget lock-up in Ottawa, they can always find out what’s really going on in the world via the blogosphere. And no ads on our site.

MRM