U.S. Treasury, quarterly list of countries cooperating with international boycott (possible future change)
Countries cooperating with international boycott
The U.S. Treasury Department today released for publication in the Federal Register a quarterly list of countries that require (or may require) participation in, or cooperation with, an international boycott (within the meaning of Internal Revenue Code section 999(b)(3)).
Today’s Treasury release [PDF 148 KB] does not reflect any changes to the list of countries but states:
Treasury is monitoring the situation of the United Arab Emirates, which has announced the issuance of a decree repealing its boycott law.
Currently, no changes to countries on quarterly list
Section 999(a)(3) directs the Treasury Secretary to maintain and publish, at least on a quarterly basis, a list of countries that require (or may require) participation with an international boycott.
Today’s list is provided under the U.S. international boycott rules, and contains the same list of countries as provided under prior lists—no new countries are added, and no countries are removed from the prior quarterly list. The countries on the current list are:
- Saudi Arabia
- United Arab Emirates
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