[Slava]

Canadian Press
OTTAWA — The Liberal party has tabled a motion asking the House of Commons to demand that Finance Minister Jim Flaherty withdraw two controversial tax measures on income trusts and interest deductibility.
The motion tabled by leader Stéphane Dion says the government's decision to impose a 31.5-per-cent tax on trusts last fall and the March 19 budget measure that would eliminate interest deductibility for businesses that borrow in Canada to invest abroad are “making it increasingly difficult to Canadian businesses to succeed internationally.”
Mr. Dion said Prime Minister Stephen Harper should instruct his finance minister to withdraw the interest non-deductibility proposal and conduct public consultations on how the government could go after the use of tax havens without punishing legitimate foreign expansions.
The motion also calls on the government to replace the government's tax proposal on income trusts with a much lower 10-per-cent tax that would be refundable to Canadian residents.
In the last several weeks, Mr. Flaherty has said the decision on income trusts is final, but has left room for amending the interest-deductibility measure