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Foreign Sales Corporation |
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Foreign Sales Corporation (FSC) A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Repeal of the foreign sales corporation and extraterritorial income exclusion binding contract transition rules, due to the risk of World Trade Organization sanctions (TIPRA Section 513); The first of these modify existing provisions relates to the foreign sales corporation and extraterritorial income regimes. The foreign sales corporation issue has already seen the EU impose sanctions against a host of U. |
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