Saturday, November 04, 2006 - Editorial - Tough call on income trusts - Editorial - Tough call on income trusts: "Tough call on income trusts

We would hardly have expected big business to stand up and applaud this week's federal announcement about rule changes for the way income trusts are to be taxed in Canada.
But Finance Minister Jim Flaherty found himself being backed into an increasingly tight corner under tax regulations that threatened to take billions of dollars out of federal coffers and he responded with decisive action -- something that has been in short supply in Ottawa in recent years. "

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