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Offlinelysergic
Mycophile!
Registered: 06/09/03
Posts: 691
Last seen: 13 years, 8 days
Boycotting Israel is Illegal
    #2058504 - 10/30/03 09:46 PM (13 years, 1 month ago)

http://www.bxa.doc.gov/AntiboycottCompliance/OACRequirements.html

Quote:


Antiboycott Laws:
During the mid-1970's the United States adopted two laws that seek to counteract the participation of U.S. citizens in other nation's economic boycotts or embargoes. These "antiboycott" laws are the 1977 amendments to the Export Administration Act (EAA) and the Ribicoff Amendment to the 1976 Tax Reform Act (TRA).

Objectives:
The antiboycott laws were adopted to encourage, and in specified cases, require U.S. firms to refuse to participate in foreign boycotts that the United States does not sanction. They have the effect of preventing U.S. firms from being used to implement foreign policies of other nations which run counter to U.S. policy.

Primary Impact:
The Arab League boycott of Israel is the principal foreign economic boycott that U.S. companies must be concerned with today. The antiboycott laws, however, apply to all boycotts imposed by foreign countries that are unsanctioned by the United States.

Who Is Covered by the Laws?
The antiboycott provisions of the Export Administration Regulations (EAR) apply to all "U.S. persons," defined to include individuals and companies located in the United States and their foreign affiliates. These persons are subject to the law when their activities relate to the sale, purchase, or transfer of goods or services (including information) within the United States or between the U.S. and a foreign country. This covers U.S. exports and imports, financing, forwarding and shipping, and certain other transactions that may take place wholly offshore.

Generally, the TRA applies to all U.S. taxpayers (and their related companies). The TRA's reporting requirements apply to taxpayers' "operations" in, with, or related to boycotting countries or their nationals. Its penalties apply to those taxpayers with foreign tax credit, foreign subsidiary deferral, FSC (Foreign Sales Corporation), and IC-DISC (Interest Charge-Domestic International Sales Corporation) benefits.

What do the Laws Prohibit?
Conduct that may be penalized under the TRA and/or prohibited under the EAR includes:

Agreements to refuse or actual refusal to do business with or in Israel or with blacklisted companies.

Agreements to discriminate or actual discrimination against other persons based on race, religion, sex, national origin or nationality.

Agreements to furnish or actual furnishing of information about business relationships with or in Israel or with blacklisted companies.

Agreements to furnish or actual furnishing of information about the race, religion, sex, or national origin of another person.
Implementing letters of credit containing prohibited boycott terms or conditions.

The TRA does not "prohibit" conduct, but denies tax benefits ("penalizes") for certain types of boycott-related agreements.

What Must Be Reported?
The EAR requires U.S. persons to report quarterly requests they have received to take certain actions to comply with, further, or support an unsanctioned foreign boycott.

The TRA requires taxpayers to report "operations" in, with, or related to a boycotting country or its nationals and requests received to participate in or cooperate with an international boycott. The Treasury Department publishes a quarterly list of "boycotting countries."

How To Report:
EAR reports are filed quarterly on form BIS 621-P for single requests or BIS 6051-P for multiple requests available from the Department of Commerce?s Office of Antiboycott Compliance (OAC) in Washington, D.C. To obtain these forms, telephone OAC?s Reports Processing Unit at (202) 482-2448. TRA reports are filed with tax returns on IRS Form 5713. This form is available from local IRS offices.

Penalties:
The EAR prescribe the penalties for violations of the Antiboycott Regulations as well as export control violations. These can include:

Criminal:
The penalties imposed for each "knowing" violation can be a fine of up to $50,000 or five times the value of the exports involved, whichever is greater, and imprisonment of up to five years. During periods when the EAR are continued in effect by an Executive Order issued pursuant to the International Emergency Economic Powers Act, the criminal penalties for each "willful" violation can be a fine of up to $50,000 and imprisonment for up to ten years.

Administrative:
For each violation of the EAR any or all of the following may be imposed:

General denial of export privileges;

The imposition of fines of up to $12,000 per violation; and/or

Exclusion from practice.
Boycott agreements under the TRA involve the denial of all or part of the foreign tax benefits discussed above.

The $10,000 maximum per violation specified in the EAA is adjusted periodically pursuant to law for inflation. The maximum civil penalty for any violation committed from October 23, 1996 through November 1, 2000 is $11,000 per violation. The maximum civil penalty for any violation committed after November 1, 2000 is $12,000 per violation.

Where to Get More Information:
U.S. Department of Commerce
BIS/Office of Antiboycott Compliance, Room 6098
Washington, D.C. 20230
(202) 482-2381
or by E-Mail

Department of the Treasury
Office of the General Counsel, Room 2004
Washington, D.C. 20220
(202) 622-1945





Even for someoen as pro-Israel as I am, this seems VERY fucked up. Land of the free, wasn't it?


--------------------
In response to an attack killing 15 American Servicemen
PsiloKitten said:
Just give em a little more time, the iraqis are making great progress. And this is unorganized. Wait till they get organized.


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OfflineZahid
Stranger
Registered: 01/21/02
Posts: 4,779
Last seen: 12 years, 2 months
Re: Boycotting Israel is Illegal [Re: lysergic]
    #2058520 - 10/30/03 09:52 PM (13 years, 1 month ago)

That is fucked up.


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Offlinelysergic
Mycophile!
Registered: 06/09/03
Posts: 691
Last seen: 13 years, 8 days
Re: Boycotting Israel is Illegal [Re: Zahid]
    #2058544 - 10/30/03 09:59 PM (13 years, 1 month ago)

Very.


--------------------
In response to an attack killing 15 American Servicemen
PsiloKitten said:
Just give em a little more time, the iraqis are making great progress. And this is unorganized. Wait till they get organized.


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Offlinelysergic
Mycophile!
Registered: 06/09/03
Posts: 691
Last seen: 13 years, 8 days
Re: Boycotting Israel is Illegal [Re: lysergic]
    #2059059 - 10/31/03 12:23 AM (13 years, 1 month ago)

Their have to be more thoughts about this...


--------------------
In response to an attack killing 15 American Servicemen
PsiloKitten said:
Just give em a little more time, the iraqis are making great progress. And this is unorganized. Wait till they get organized.


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Invisibleafoaf
CEO DBK?
 User Gallery

Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
Re: Boycotting Israel is Illegal [Re: lysergic]
    #2060245 - 10/31/03 12:27 PM (13 years, 1 month ago)

There*

another example of government getting
too big for its britches.


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All I know is The Growery is a place where losers who get banned here go.


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OfflineBhairabas
Stranger

Registered: 07/21/03
Posts: 889
Loc: Toronto Canada
Last seen: 10 years, 10 months
Re: Boycotting Israel is Illegal [Re: afoaf]
    #2060271 - 10/31/03 12:33 PM (13 years, 1 month ago)

It makes me sick..


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OfflineBaby_Hitler
Errorist
 User Gallery

Folding@home Statistics
Registered: 03/06/02
Posts: 22,840
Loc: To the limit!
Last seen: 2 months, 4 days
Re: Boycotting Israel is Illegal [Re: lysergic]
    #2061133 - 10/31/03 05:55 PM (13 years, 1 month ago)

I think there are too many here who just don't want to publically agree with you on anything.


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Offlinelysergic
Mycophile!
Registered: 06/09/03
Posts: 691
Last seen: 13 years, 8 days
Re: Boycotting Israel is Illegal [Re: Baby_Hitler]
    #2061144 - 10/31/03 05:59 PM (13 years, 1 month ago)

*shrug*  I'm not too terribly worried :smile:


--------------------
In response to an attack killing 15 American Servicemen
PsiloKitten said:
Just give em a little more time, the iraqis are making great progress. And this is unorganized. Wait till they get organized.


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Invisibleafoaf
CEO DBK?
 User Gallery

Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
Re: Boycotting Israel is Illegal [Re: Baby_Hitler]
    #2061441 - 10/31/03 08:25 PM (13 years, 1 month ago)

I was agreeing with lysergic back
before it was cool.


--------------------
All I know is The Growery is a place where losers who get banned here go.


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OfflineGazzBut
Refraction

Registered: 10/15/02
Posts: 4,733
Loc: London UK
Last seen: 4 months, 2 days
Re: Boycotting Israel is Illegal [Re: lysergic]
    #2062442 - 11/01/03 11:37 AM (13 years, 1 month ago)

Its hardly surprising though is it? The US and Israel are practically the same thing. The US pumps billions into Israel every year and protects them by vetoing any UN resolution which might stop the Israeli's oppression of the Palestinian people. Surely thats alot more fucked up?


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Always Smi2le


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InvisibleinfidelGOD
illusion

Registered: 04/18/02
Posts: 3,040
Loc: there
Re: Boycotting Israel is Illegal [Re: GazzBut]
    #2062459 - 11/01/03 12:03 PM (13 years, 1 month ago)

I dont mind sending foreign aid to Israel if they need it

what really bothers me is the huge role that evangelical Christians play in shaping our foreign policy in the middle east.



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OfflineGazzBut
Refraction

Registered: 10/15/02
Posts: 4,733
Loc: London UK
Last seen: 4 months, 2 days
Re: Boycotting Israel is Illegal [Re: infidelGOD]
    #2062607 - 11/01/03 02:04 PM (13 years, 1 month ago)

Foreign aid? Damn thats funny!


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Always Smi2le


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