The second prong of the independent contractor proposal would allow a contractor to tell a businesstowithhold from 15% to 35% of his check and send it to the IRS. Sounds like a good idea for encouraging voluntary compliance among cash management-challenged self-employed types, right?
Intel, AMD charges, threatened towithhold vital price breaks on its processors to deny Intel rival business from big computer makers such as IBM and Hewlett-Packard.
But there's been little use of the regulator's power towithhold "fit and proper person" approval for those in senior financial positions, nor the business department's power to ban people as company directors.