US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

The US Treasury Department has reissued its list of the countries that require cooperation with or participation in an international boycott as a condition of doing business. The countries listed are Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, the United Arab Emirates, and the Republic of Yemen. The new list is dated 5 March 2008 and is unchanged from the list issued on 22 October 2007. The Treasury Department stated that Iraq is not included on the list but that its fut…