Read a bit more. It's not just tax benefits as you imply but also straight
out denial of practice
>From the same document
For each violation of the EAR any or all of the following may be imposed:
General denial of export privileges;
The imposition of fines of up to $11,000 per violation; and/or
Exclusion from practice.
Boycott agreements under the TRA involve the denial of all or part of the
foreign tax benefits discussed above.
The $10,000 maximum per violation specified in the EAA is adjusted
periodically pursuant to law for inflation. The maximum civil penalty for
any violation committed after October 23, 1996 is $11,000 per violation.
So can this law be used to block the UAE control? Yes, and that's a direct
viewing of the law, not my own opinion. Looks kind of black and white if the
government decides to enforce it. And if Congress does an end run on Bush,
they can.
> From that set of documents
>
> http://www.bis.doc.gov/ComplianceAndEnforcement/oacrequirements.html#whatscovered
> Section: What do the Laws Prohibit?
>
> "The TRA does not "prohibit" conduct, but denies tax benefits
> ("penalizes") for certain types of boycott-related agreements."
>
> Looks like it's not all black and white as some think huh?
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