Congress works on tax-code overhaul | Big companies lobby to eliminate health care fee | It's a good time for middle-market deals
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March 15, 2013
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Business Finance Today
Congress works on tax-code overhaul
Bipartisan work on a comprehensive overhaul of U.S. tax law got under way in the Senate Finance Committee with Democrats and Republicans agreeing on one issue: The economy would benefit from eliminating tax breaks worth tens of billions of dollars, they said. They disagree, however, on what to do with the money saved. The Washington Post (3/14)
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Big companies lobby to eliminate health care fee
Major employers object to a fee in the U.S. health care law that will cost them $63 for every person they insure next year. The fee is aimed at covering the cost of insuring people with high medical bills. The Wall Street Journal (3/14)
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Your Bottom Line
It's a good time for middle-market deals
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Reuters
Deal flow is expected to be strong for the middle market during the next year, according to a survey by Merrill DataSite and mergermarket. Since the start of the year, there have been more than 1,000 deals but only 14 worth more than $2 billion. The Wall Street Journal/CFO Journal (3/14)
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Coalition forms to push for territorial tax system
A coalition of business interests has formed to press for a territorial tax system that would limit U.S. taxation of offshore profit. The coalition, Let's Invest for Tomorrow, has members including Caterpillar, Cisco Systems, Hewlett-Packard, IBM and Coca-Cola. The Hill/On the Money blog (3/14)
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In the C-Suite
Want that promotion? Step up your leadership game
Leadership advancement begins with wanting to advance, Jennifer Miller writes. Then, you need to cultivate advocates in senior management, be active in strategic meetings and be connected within the organization and not just within your silo, Miller says. "It’s not enough for you to be ready to take on a bigger role at work; you also must be seen as being ready," she writes. SmartBrief/SmartBlog on Leadership (3/12)
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Making a relocation decision
Relocation decisions should be influenced by more than money, experts say. Meet the person who would be your manager, and consider whether the move is necessary for career growth. If family members are reluctant, consider living apart from them during the workweek for a while, they say. The New York Times (tiered subscription model) (3/9)
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On the Move
Charles Hundt will become Angie's List interim CFO
Hundt, who serves as controller, will step in when CFO Robert Millard leaves at month's end. WISH-TV (Indianapolis)/The Associated Press (3/15)
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Robert Reilly is tapped CFO at PNC Financial Services
Reilly has headed the company's asset-management group since 2005. Fox Business/Dow Jones Newswires (3/15)
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Off the Charts
Makers of "haul videos" can be hauling away cash, too
"Haul videos," made by shoppers who score a fashion bargain, are proving lucrative. The most successful posters are approached by retailers and fashion magazines for their expertise and oftentimes are given gifts and compensation. National Public Radio (3/14)
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SmartQuote
Your manager will make all the difference as to whether you feel supported, valued and heard."
-- Lora Poepping, a job-search coach and founder of Plum Job Search Strategies, as quoted by The New York Times
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