Insights
International Regulatory Enforcement (PHIRE)
Mandatory BE-10 Benchmark Survey of U.S. Investment Abroad Due May 29, 2020
May 28, 2020
Scott Flicker, Randall Johnston
In a development that may catch many by surprise, a little-known, but mandatory, U.S. Government filing called the BE-10 Benchmark Survey of U.S. Direct Investment Abroad is due May 29, 2020. With few exceptions, any U.S. business that, at the end of its Fiscal Year 2019, owned 10% or more of the voting securities of any foreign business (directly or indirectly) is required to file a report, whether or not it is contacted by the U.S. Government agency responsible for administering the reporting program. (U.S. businesses filing 50 or more foreign affiliate reports have until June 30, 2020 to file their BE-10 survey.)