General Business International Trade Elections & Politics

Read need-to-know updates, commentary, and analysis on General Business issues written by leading professionals.
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Update on Trade Promotion Authority and Companion Trade Bills: A Lot Can Happen In Washington In 34 Days

As we reported last month, quick-strike action by the Senate on May 22 to pass Trade Promotion Authority (TPA) included within the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (the Trade Act of...more

Tax Policy Update

The top estate tax rate under Democratic presidential candidate Bernie Sanders’ proposal to tax the wealthiest Americans and narrow income inequality in the U.S. The proposal splits the estate tax into four brackets...more

U.S. Antidumping and Countervailing Duty Laws Accompany Trade Preferences Extension Act

The Trade Preferences Extension Act of 2015, which has now passed both houses of Congress and awaits signature by President Obama, contains some significant rule changes and codifications of contested practice with respect to...more

Russia and Ukraine Sanctions - One Year On

The spring and summer of 2014 saw the United States and European Union impose a range of sanctions relating to Ukraine and Russia in response to the series of events leading to the fall of the Yanukovyich government in...more

Alert: Brexit – How It Might Pan Out

The Government's European Union Referendum Bill was introduced into the House of Commons and had its first reading on 28 May 2015. Its second reading debate took place on 9 June 2015; and it was considered in Committee on 16...more

Congress Sends Fast-Track Trade Authority Bill to the President, Invigorating Trans-Pacific Partnership Negotiations

After several weeks of legislative wrangling, congressional leaders will send a bill to President Obama this week to give him fast-track authority to negotiate a trade deal that will potentially govern 40 percent of U.S....more

Congress Still Debating Fast Track Trade Authority for Trans-Pacific Partnership Negotiations

Congressional leaders are working to find a way to pass legislation that would give President Obama fast-track authority to negotiate a trade deal that will potentially govern 40 percent of U.S. imports and exports. The Trade...more

EU continues sanctions against Russia and Crimea into 2016

On 19 June 2015, the EU Council decided to extend until 23 June 2016 the EU sanctions against Crimea/Sevastopol imposed in June 2014 in response to the annexation of Crimea and Sevastopol. On 22 June 2015, the EU...more

Extension of sanctions on Yemen, Iraq and the Central African Republic: What your firm needs to know

The UK Government has recently extended United Nations (UN) and European Union (EU) sanctions relating to Yemen, Iraq and the Central African Republic to the British Overseas Territories. - Yemen (Sanctions) (Overseas...more

24 Months Through the Crystal Ball: Emerging Trends in State and Local Taxation (Part II)

This is the second of two articles guiding taxpayers through the next 24 months of state taxation’s turbulent waters. In this article, we address three additional significant trends. Corporate Income Taxation: Heat and...more

Tax Policy Update

NUMBER OF THE WEEK: 61. The number of countries that have signed on to implement the OECD’s multilateral agreement for the automatic exchange of tax information, in conjunction with the ongoing Base Erosion and Profit...more

The Pacific Rim Free Trade Deal

President Obama’s controversial Pacific Rim free trade deal (“the deal”), a trade agreement to enhance trade and investment among 11 Asian Pacific countries to boost economic growth in the United States, has sparked...more

Washington Politics and Compliance

Consider this posting a warning to everyone in the corporate governance field. I am not known for being a chicken little and screaming “the sky is falling, the sky is falling.” I tend to be a realist when it comes to politics...more

May Legislative Update

Four key bills were introduced in both the Senate and House in late April, including the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, also known as “trade promotion authority” or “fast track,” the...more

America Turns A Page: Cuba Removed From U.S. List of State Sponsors of Terrorism

The United States officially removed Cuba from its list of State Sponsors of Terrorism today, according to an announcement by the U.S. State Department via Twitter. The change takes effect immediately, according to the...more

Canada Retaliates Against U.S. Country of Origin Labelling Requirements

Since 2008, the Canadian government has challenged country of origin labelling (COOL) requirements imposed by the United States Department of Agriculture (USDA). On May 18, 2015, the World Trade Organization (WTO) Appellate...more

US China Trade War — TPA Passes Senate–Developments in Trade, Customs, IP/337, Antitrust and Securities

The major trade issue is Trade Promotion Authority (“TPA”) and the Trans Pacific Partnership. On May 22, 2015, after another close cloture vote, the TPA bill passed the Senate by a majority vote of 62 to 37 votes. The...more

Patent box concept emerges on the tax reform agenda for US Congress

Key tax writers in Congress are indicating that once Congress disposes of pending trade legislation, they will turn to their top legislative priority: reaching a consensus on international and business reform by the end of...more

Congress Revives the Generalized System of Preferences and Makes Benefits Retroactive to August 1, 2013 but Requires Affirmative...

Amid the often rancorous debate on the Trans Pacific Partnership and the Trade Promotion Authority enabling legislation, both the House and the Senate last week found a common ground in addressing legislation related to the...more

Top Antitrust Enforcers Respond to Congressional Questioning

Federal Trade Commission (FTC) Chairwoman Edith Ramirez and Assistant Attorney General William Baer testified before the House Committee on the Judiciary’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law on...more

Trade Promotion Authority Bill Advances

The Trade Promotion Authority (TPA) legislation to facilitate the consideration of trade agreements such as the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) continues to be...more

Kyiv Corporate Alert (Ukrainian) On Amendments to Some Legislative Acts of Ukraine relating to Investors’ Rights Protection

Президент України підписав закон № 289-VIII...more

Changes in US Sanctions on Cuba Present Opportunities and Challenges

The Obama Administration’s recent loosening of trade restrictions on Cuba has the potential to open new opportunities for US businesses. However, there are several obstacles to be overcome before US companies may access...more

Kyiv Corporate Alert On Amendments to Some Legislative Acts of Ukraine relating to Investors’ Rights Protection

The President of Ukraine has signed Law No. 289-VIII “On Amendments to Some Legislative Acts of Ukraine relating to Investors’ Rights Protection” (the “Law”) aimed at deregulating the economic activities of joint-stock...more

OFAC Publishes Guidance Regarding Travel Between U.S. and Cuba, Releases Updated FAQs Regarding Cuba-Related Sanctions

On May 5, OFAC issued new Guidance Regarding Travel Between the U.S. and Cuba, which provides information on the types of individuals and cargo that can be transported between the U.S. and Cuba by a licensed air carrier or...more

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