International Boycott Factor
Summary of International Boycott Factor
An element of Section 999 of the Internal Revenue Code dealing with income derived in support of an international boycott. U.S. policy generally opposes international economic boycotts against friendly nations, and income derived by U.S. firms in furtherance of such boycotts receives adverse tax treatment. In accordance with SUBPART F (read this and related legal terms for further details) of the code, certain income is subject to taxation based upon the sum derived upon multiplication by the international boycott factor. This factor is a fraction: the numerator reflects the operations of a firm in countries carrying out an international boycott, and the denominator reflects worldwide operations of the firm. The secretary of the treasury prescribes regulations for the computation of the fraction.
(Main Author: William J. Miller)
International Boycott Contents
Overview of the International Boycotts
Overview of U.S. Antiboycott Laws
This legal issue includes the following material:
- Arab League Statement on the Boycott of Israel
- Saudi Arabian Boycott Law
- 2014 USTR Report on Foreign Trade Barriers: Arab League
Chapter 2. International Boycott Provisions/Business Ethics Policies
This legal issue includes the following material: Minnesota Mining & Manufacturing Company: 3M Antiboycott Compliance Manual
PART II. TAX LAW
Chapter 3. Overview of Tax Aspects of International Boycotts
This legal issue includes the following United States material:
- Text of 26 U.S.C.A. § 999
- Text of 26 C.F.R. § 7.999-1
- Treasury Department Boycott Guidelines
- Advance Revenue Procedure 77-9 (International Boycott Determinations)
- International Boycott Audit Guidelines
- IRS Instructions to Field Oces for Examination of International Boycott Issues
- IRS Form 5713 and Instructions
- Treasury Department Reports on the Operation and Elect of the Boycott Provisions of the Internal Revenue Code
- Private Letter Rulings from the IRS on § 999
- Miscellaneous Historical Materials
United States Export Administration Act
The Export Administration Act Antiboycott Provisions in detail
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Speech on Religious Discrimination
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Corporate Counsel’s Guide to Records Retention Requirements and the
Antiboycott Regulations
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Boycott-Related Terms Appearing in Letters of Credit (July 1996)
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Letters of Credit and the U.S. Antiboycott Laws
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Application of the OAC Regulations
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Legislative History of the Export Administration Act
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Cases
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Statute of Limitations in Enforcement Actions
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Oce of Antiboycott Compliance: Compliance Ocer’s Manual
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Bureau of Export Administration Forms
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Enforcement Surveys-Summary of Antiboycott Activity in all Fiscal Years
This legal issue includes the following material: Summary of EAA Antiboycott Violations
Antitrust Laws
Antitrust and International Boycotts
This legal issue includes the following material: The Complete Proceedings in U.S. v. Bechtel Corp.
Compliance Reports
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U.S. State Laws
Boycott-Related U.S. State Laws
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U.S. Federal Legislation and Regulations
U.S. Statutes
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U.S. Regulations
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Other Boycott-Related Topics
SEC and Disclosure
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Equal Employment Opportunity Legislation
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Unjust Dismissal
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Department of State Materials
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Constitutionality
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Private Right of Action
This legal issue includes the following material: Order
Antiboycott Materials on the Internet
This legal issue includes the following material:
- Oce of antiboycott compliance
- Recognizing and reporting possible violation of the Export Administration Regulations
- Know your customer guidance
- Red Flag indicators
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