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December 1, 2022

Accounting News Roundup: Clinton’s Plan for Capital Gains; SEC Cracks Down on No-Actions; Pros to Being Boring; | 07.20.15

Clinton to Push Revamp of Capital-Gains Tax Rates [WSJ]
Hil's goal is to encourage a longer-term focus, by "a sliding scale with at least three new rates that change depending on how long an investment is held."

SEC Denying More No-Action Requests [CFOJ]
A Gibson, Dunn & Crutcher report found that the SEC denied 39% of companies' no-action requests, up 29% last year.

The Upside of Being Boring [FC]
"Boring" people posess better management skills, higher emotional intelligence, and are more reliable.

CPAs encouraged to comment on new set of proposed XBRL rules [JofA]
The AICPA and XBRL US Data Quality Committee appreciate the effort.

Hackers Threaten to Expose 37 Million Cheating AshleyMadison Users [Gizmodo]
Man, this recalls an old story.

Quiz: Name That Narcissist [NYT]
Potential answers: Silvio Berlusconi or Donald Trump.

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