International Trade Bulletin - Volume 1, Issue 15
Client Alert | 2 min read | 10.04.06
Inside this issue:
- ANTITRUST IN THE SPOTLIGHT
- EUROPE IN THE SPOTLIGHT
- Enlargement to the EU-27: The European Commission confirms that Bulgaria and Romania may enter the European Union as of 1 January 2007
- Compensation for U.S. Corporations Stemming from EU Enlargement: The Office of the U.S. Trade Representative (“USTR”) is requesting U.S. exporters of goods and services to notify them of any adverse commercial implications that may arise as a result of the accession of Bulgaria and Romania to the European Union
- INTELLECTUAL PROPERTY: Divisions at the World Intellectual Property Organization May Halt Work on Global IP Reform
- SANCTIONS: With news reports of Iran's continuing defiance of UN demands to cease enrichment activity, and with negotiations dragging on with no schedule or framework, Congress has moved to increase the pressure on Iran, approving legislation just before departing for the election recess
- FREE TRADE AGREEMENTS: Japan Continues to Expand Its Free Trade Agreements (FTA) Network. Is a U.S.-Japan FTA on the Horizon?
- REGULATORY: Reversal of India's Coke and Pepsi Ban Raises Investment Questions
- MARKET ACCESS: The EU uses China's WTO Transitional Review Mechanism exercise as an opportunity to tackle barriers to trade for European industries and enterprises
- GAMBLING: U.S. legislation that has been declared inconsistent with WTO rules by the WTO Appellate Body does not prevent criminal charges being brought against private individuals promoting gambling over the Internet
- TRADE-IN SERVICES: The EU has reached an agreement with seventeen other World Trade Organization (“WTO”) members on binding EU commitments for trade in services
- 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
