On June 17, 2010, Swiss Parliament approved a Swiss-U.S. tax agreement that requires UBS AG to provide information to the IRS on 4,450 U.S. persons with undisclosed accounts at the Swiss bank.

After an announcement by one of the Swiss main political parties, SVP, it appears that the road for approval of the UBS deal by the Swiss Parliament is wide open.

There is a new piece of legislation pending in Congress which can substantially change relief currently available to employers who may have misclassified workers as independent contractors.   James McDermott, a Washington State Congressman,  has introduced legislation that would make it more difficult for employers to receive protection from a potentially large employment tax assessment resulting [...]