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Russia, the target of numerous economic sanctions based on its involvement in the Ukranian crisis, is considering legislation that would target foreign companies operating in Russia, and specifically singles out foreign audit firms, namely the Big Four, according to the Wall Street Journal. While the bill has yet to be formally submitted, if passed it would make it impossible for the Big Four, or any other foreign audit firm, from working in Russia.
In light of the recent IRS nonprofit oversight scandal, lawmakers from the Republican-controlled House Oversight Committee have proposed 15 potential changes to the tax collector's structure, not least of which is scrapping the commissioner's office entirely and replacing it with a multi-member commission, according to the Hill.
America is a little behind in its bills--a new study from the Urban Institute estimates that 77 million people, or roughly 33 percent of Americans, are so behind in their debt payments that their burden is now in the collections process, according to CNN Money. While the average amount owed was $5,200, debts ranged from $25 to $125,000, said CNN Money.
An article on the website the Medium tells an amazing account of the transition of TSR--the company responsible for iconic roleplaying game Dungeons and Dragons--from a quirky startup to a serious corporation, as well as all the problems and missteps made along the way. In essence, it tells the story of how founder Gary Gygax, who created Dungeons and Dragons in 1974, eventually lost control of his own company after the board voted him out.