US Treasury Publishes List of Countries Requiring Boycott Cooperation

On February 10, 2020 the U.S. Department of the Treasury (“Treasury”) published the current list of countries requiring cooperation with an international boycott.(1) On the basis of the best information currently available to Treasury they listed the following countries as requiring or potentially requiring participation in, or cooperation(2) with an international boycott:

• Iraq

• Kuwait

• Lebanon

• Libya

• Qatar

• Saudi Arabia

• Syria

• United Arab Emirates

• Yemen

References

1. Department of the Treasury, Office of the Secretary Federal Register publication - 85 FR 7618

2. Participation and cooperation are defined in section 999(b)(3) of the Internal Revenue Code of 1986. Source: FindLaw - 26 U.S.C. 999

Treasury Publishes List of Countries Requiring Cooperation with a Boycott

On April 8, 2016, the Department of Treasury published (81 FR 20720) the current list of countries requiring cooperation with an international boycott.  Treasury identified the following countries as requiring or that may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code
of 1986):

• Iraq
• Kuwait
• Lebanon
• Libya
• Qatar
• Saudi Arabia
• Syria
• United Arab Emirates
• Yemen