The Globe and Mail reports in its Thursday edition that sweeping, quick-moving U.S. tax bill passed by Congress is counting its winners and losers. In a Globe special, David Milstead writes that Veritas Investment analyst Dimitry Khmelnitsky's report, "U.S. Tax Tsunami Stirs Waves in Canada," examines the new law and which companies in the S&P/TSX 60 Index may be affected the most. Mr. Khmelnitsky thinks that Saputo, CCL Industries, Alimentation Couche-Tard and Manulife Financial are the likely winners, with Valeant, Thomson Reuters, Gildan Activewear and Open Text possibly showing a bit of a hit to the bottom line. Mr. Khmelnitsky believes that Canadian companies with higher U.S. sales exposure and higher overall cash tax rates, are most likely to benefit from a reduction in the U.S. corporate income tax rate. On the downside, the United States has now introduced something called a Base Erosion Anti-Abuse Tax, or BEAT. These BEAT rules, Mr. Khmelnitsky says, will tax intercompany payments for services, royalties, management and other fees, including interest and reinsurance. Based on company disclosures, he believes Valeant, Thomson Reuters, Gildan and Open Text are most likely to incur the new taxes.