International Trade Bulletin - Volume 1, Issue 7
Client Alert | 2 min read | 06.12.06
Inside this issue:
- EUROPE IN THE SPOTLIGHT
- CUSTOMS IN THE SPOTLIGHT
- REGULATIONS: Recent Regulations Proposed by Department of State Will Make U.S. Agency Regulators More Accountable for Regulatory Commitments Abroad
- PHARMACEUTICALS: Pharmaceutical Companies May Face Override of Patent Rights for Public Health Concerns
- FREE TRADE AGREEMENTS: Multi-National Firms Use Southeast Asian FTAs to Enter Indian Markets Demonstrating the Benefits of FTAs to Non-FTA Party Companies
- WTO: New Agreement Among WTO Members Could Allow Foreign Companies Greater Access to Taiwan's Government Procurement Market
- ANTI-DUMPING IN THE EU : European Commissioner for Trade, Peter Mandleson, announces review to decide the best way of balancing competing commercial interests in enforcing EU anti-dumping policy
- EXPORT CONTROLS: BIS Reaffirms Deemed Export Rules By Formally Withdrawing Advance Notice of Proposed Rulemaking
- C-TPAT: C-TPAT Establishes Mandatory Security Link Portal
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
