companies to receive a tax break through foreign sales corporations
(FSCs), was an impermissible subsidy on exports.
income tax offered to foreign sales corporations
Essentially, this pre-1985 system of tax deferral for export income was replaced by the exemption system of Foreign sales corporations
(FSCs), now also repealed.
support to Boeing, the Panel found that Boeing received prohibited export subsidies under the Foreign Sales Corporation
scheme, and programs by NASA, the Department of Defense and Washington State tax breaks have caused wide-ranging adverse effects to Airbus.
Sales Corporation or a Foreign Sales Corporation
Repeal of FSC /ETI binding contract (grandfathered contracts) relief: When Congress repealed the foreign sales corporation
(FSC) regime in 2000 and the extraterritorial income (ETI) regime in 2004, the repeal legislation included transition relief for transactions subject to binding contracts as of Sept.
Court of Appeals for the Ninth Circuit recently held that master copies of computer software qualify as export property for purposes of the foreign sales corporation
Hence, I was pleased that Deputy Secretary of the Treasury Stuart Eizenstat used the occasion of his keynote address both to announce the Clinton Administration's position in respect of taxation of the Internet and to underscore the government's commitment to satisfactorily resolving the World Trade Organization's challenge to the foreign sales corporation
from the Company's foreign sales corporation
and research and
Bernet, Comment, The Foreign Sales Corporation
Act: Export Incentive for U.
The first of these modify existing provisions relates to the foreign sales corporation
and extraterritorial income regimes.
law, such as the Foreign Sales Corporation
tax break and the Byrd Amendment.