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Following closely on the heels of a letter by the Treasury Secretary asking lawmakers to address abuse of the corporate inversion process, President Barack Obama will give a speech tonight calling for an end to the practice entirely, throwing his support behind already existing legislative proposals that would prevent companies from reincorporating overseas in order to avoid federal taxes, according to Reuters
While the threat of wealthier residents leaving New York for greener pastures has accompanied proposed tax increases in the past, data from the Independent Budget Office has shown that, generally, wealthy people don't pick up and move any more than anyone else, according to CNBC. The report found that 1.8 percent of those earning more than $500,000 left the city in 2012, which is the same rate as lower-income households.
The IRS has agreed to settle a lawsuit from the Freedom From Religion Foundation--an organization that promotes the separation of church and state--over what the plaintiff felt was a failure on the part of the government to enforce the ban on political activities from 501(c)3-registered churches, according to Forbes.
How much sense does it make to mix business and pleasure, asked the Harvard Business Review. The risks seem obvious: when a couple runs a business together, tensions in the home life can affect the work, and tensions in the work life can affect the home. Further, there are numerous legal issue that can arise in the event that they break up. Despite all this, though, three million of the 22 million small businesses in the U.S. are couple-owned ventures. Why?
An article in Forbes argues that the working world is stuffed with myths that prevent people from finding the jobs that they want. Mostly, these myths are centered around being too passive and deferential when it comes to finding a job, with the author saying people need to take a more active role in their hunt.
A federal court ruling said that the government can only provide subsidies to people who bought insurance off state run health insurance exchanges, versus the federal ones that form more than half of such purchases under the Affordable Care Act, according to CNBC. The 2-1 ruling used a very clos reading of the law, which "plainly makes subsidies available in the Exchanges established by states," wrote Senior Circuit Judge Raymond Randolph in his majority opinion, said CNBC.