Pennsylvania recently joined the growing number of states that have passed laws regarding the classification of independent contractors in the construction industry with the enactment of the Construction Workplace Misclassification Act, which took effect on February 10, 2011.
For now, President Obama’s decision not to defend the constitutionality of the Defense of Marriage Act (“DOMA”) should not affect how employers administer their employee benefit plans. This Communiqué explains the President’s decision and its impact on employer-sponsored plans.
On February 8, 2011, the Internal Revenue Service announced the implementation of a new compliance and penalty remission program on foreign income, known as the 2011 Offshore Voluntary Disclosure Initiative.
The Australian Federal Government has announced a review of the distinction between retail and wholesale clients under the Corporations Act 2001 (Cth).