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.
References in periodicals archive ?
1) Prior to FSC and ETI, the Domestic International Sales Corporation (DISC) performed a similar role.
861-8(e)(3) (relating to the allocation of research and development expenses) is valid when its application frustrates the operation of the domestic international sales corporation and FSC provisions.
Given the inevitable repeal of the extraterritorial income (ETI) exclusion and the current 15% tax rate on corporate dividends, companies that export property should consider the advantages of using an interest charge domestic international sales corporation (IC-DISC).