International Trade Bulletin - Volume 1, Issue 9
Client Alert | 1 min read | 07.10.06
Inside this issue:
- EUROPE IN THE SPOTLIGHT
- EU Anti-Dumping: The Latest Series of Anti-Dumping Measures Proposed by the EU Clearly Show the Fingerprints of a More Liberalized Policy
- Market Access: The European Commission Formally Kicked Off Its Strategic Review of EU-China Trade Relations on 7th July With a High-Profile Conference in Brussels
- CHINA IN THE SPOTLIGHT
- U.S. EXPORT CONTROLS: US-India Agreement May Give U.S.-India Tech Transfers A Yellow Light
- U.S. SANCTIONS: State Department Shifts Policies Toward Venezuela and Libya on Trade Sanctions
- TECHNOLOGY: New U.S. Legislation Could Impose Significant Penalties Against U.S. Companies that Provide Information to Internet-Restricting Countries Such as China
- CUSTOMS: Potential Backlog in U.S. Validations Causes Concern for C-TPAT Members
- TRANSPORTATION: Supporters of U.S. Department of Transport's (“DOT”) Foreign Control Proposal Seek Changes to Expand Foreign Control While Opponents Argue the Rule Already Permits Too Much Foreign Control
- ANTI-BOYCOTT OAC Issues Proposed Anti-Boycott Penalty Guidelines
Contacts
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.
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