International Trade Bulletin - Volume 1, Issue 14
Client Alert | 1 min read | 09.22.06
Inside this issue:
- EUROPE IN THE SPOTLIGHT
- FOREIGN INVESTMENT IN THE SPOTLIGHT
- PORT SECURITY: Senate Approves Port Security Bill Without 100% Screening Requirement
- PRIVACY: Uncertainty Concerning New Legal Framework on EU-U.S. Passenger Name Record (PNR) Transfers
- WTO: First Dispute Settlement Case Against China in the World Trade Organization (WTO) Soon to be Launched
- INTELLECTUAL PROPERTY: International Patent Law Treaty Sent to U.S. Senate for Ratification
- SANCTIONS: Iran: The U.S. hits Bank Saderat and Pursues "Back Door Sanctions"
- EXPORT CONTROLS: U.S. Bureau of Industry and Security (BIS) Publishes Final Rule to Amend the Export Administration Regulations (EAR)
- ANTIDUMPING: Court Rewrites Byrd Amendment to Correct Constitutional Problem
- CUSTOMS CLASSIFICATION: Part 3: After Doha: Practical Approaches for Cutting the Costs of Trade Classification Review Update: Importers Winning Classification Cases in the CIT
Insights
Client Alert | 4 min read | 08.21.25
FLSA Overtime Reporting and Withholding
The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025.
Client Alert | 4 min read | 08.20.25
Client Alert | 15 min read | 08.20.25
Client Alert | 2 min read | 08.19.25
