Anti-Boycott Regulations
Definition of 'Anti-Boycott Regulations'A law that prevents customers from withholding their patronage of a business. In the United States, anti-boycott regulations primarily deal with withholding support from Israeli businesses. The Arab League formally requires member countries to boycott trade with Israel and trade with companies that trade with Israel based on an agreement it enacted in 1948. In response, the United States implemented anti-boycott laws in the mid-1970s to prevent U.S. companies from boycotting trade with Israeli companies. The law also prohibits refusing to employ U.S. citizens because of their nationality, race or religion. |
|
Investopedia explains 'Anti-Boycott Regulations'The Export Administration Act sets forth the U.S. anti-boycott regulations and the criminal and civil penalties (fines, imprisonment and denial of export privileges) for companies and employees who don't comply with the law. The purpose of the regulations is to prohibit U.S. companies from implementing other countries' foreign policies when those policies disagree with U.S. policy. A related Internal Revenue Service regulation denies tax benefits to companies that do not comply with anti-boycott laws. |
Related Definitions
Articles Of Interest
-
What Is International Trade?
Everyone's talking about globalization, so we explain what is it and why some oppose it. -
Globalization: Progress Or Profiteering?
Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits foreign workers. ... -
The Power Of Economic Sanctions
This instrument of foreign policy and economic pressure is preferred over military action but can still pack a punch. -
In Praise Of Trade Deficits
When a country imports more than it exports, is it a recipe for disaster or just part of a larger cycle? -
NAFTA's Winners And Losers
Read on to find out who this free-trade agreement helped, and who it hurt. -
Earnings Guidance: Can It Accurately Predict The Future?
Explore the controversies surrounding companies commenting on their forward-looking expectations. -
Mergers And Acquisitions: Understanding Takeovers
In the dramatic world of M&As, battleground terms meld with bizarre metaphors to form the language of the game. -
Should You Add A Securities License To Your Qualifications?
Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it. -
How To Report A Tax Cheat
If you report a tax evader to the IRS, you could be eligible for a reward. -
Inspecting A Country's Debt
Tensions over just how to handle debt are pitting the rich world against the developing world like never before.
Free Annual Reports