WASHINGTON – As the Persian Gulf crisis drags into a second month, a four-country boycott of Qatar is raising questions about whether U.S. businesses that follow suit could unwittingly run afoul of U.S. anti-boycott laws.
Under obscure tax and export provisions designed decades ago to protect Israel, U.S. companies can be punished if they accept a foreign country’s demand to comply with a boycott not supported by the United States. The provisions were established to ensure U.S. firms aren’t used to advance another nation’s foreign policy.
Qatar has been under siege since early June, when Saudi Arabia, Bahrain, the United Arab Emirates …read more
Source: The News
