Audet calls on Finance Minister to rethink new tax rules

TORONTO – While calling for other Canadian companies to follow his lead and grow abroad, Cogeco Inc. CEO Louis Audet added that recent changes to certain tax rules make it far more difficult for Canadian companies to consider expanding beyond Canada. In 2006, Cogeco acquired Portuguese cable company Cabovisao and turned it into a fine, EBITDA-producing piece of the company. Audet also added he has traveled to a total of 15 countries looking for more buys. In a speech Monday to the Canadian Club at the Royal York hotel in Toronto, Audet targeted the federal government’s March 2007 announcement that...