White House Backs Worker Misclassification Bill

Law360, New York (September 15, 2010, 6:59 PM EDT) -- The White House is throwing its weight behind new legislation from Sen. John Kerry, D-Mass., and Rep. Jim McDermott, D-Wash., that would close a tax loophole allowing businesses to misclassify workers as independent contractors.

The Fair Playing Field Act of 2010 was introduced in both the U.S. House of Representatives and Senate on Wednesday.

“This reform is pro-worker and pro-business,” Kerry said in a statement. “Today a tax loophole is being abused to deny workers basic protections and benefits. We shouldn't reward those who game the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.