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Domestic International Sales Corporation

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Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for export activities.

Foreign Sales Corporation
An exporting corporation in the United States. Exporters may register as foreign sales corporations in order to receive certain tax advantages. Foreign sales corporations must have an office in a country with an exchange of information agreement with the United States and have at least one member of the board of directors residing in that country. This structure was created by the Tax Reform Act of 1984, and was formerly called a Domestic International Sales Corporation.


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[ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] These export tax benefits are available by setting-up an Interest Charge Domestic International Sales Corporation (IC-DISC)--a standalone U.
The presenters discussed the Research and Experimentation Tax Credit and the forming of an Interest Charge Domestic International Sales Corporation.
904-7 T(g)(3)(ii)( B)(1), provides that undistributed post- 1986 E&P and foreign taxes in a foreign corporation's pre-2007 separate category for: * Passive income; * Certain dividends from a domestic international sales corporation (DISC) or former DISC; * Taxable income attributable to certain foreign trade income (FTI); and * Certain distributions from a foreign sales corporation (FSC) or former FSC shall be allocated to the post-2006 separate category for passive category income.
 
 
 
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