IC-DISC

(redirected from Interest Charge Domestic International Sales Corporation)

IC-DISC

Interest Charge Domestic International Sales Corporation. An S-corporation, closely-held C-corporation or limited liability company in the United States that exports to non-U.S.-based clients. IC-DISCs are eligible for favorable tax treatment.
References in periodicals archive ?
Keep existing business structure commonly referred to as IC-DISC (Interest Charge Domestic International Sales Corporation).
The interest charge domestic international sales corporation, or IC-DISC, provides a permanent tax benefit to entities that export products that are manufactured, grown, or extracted in the United States.
An increasing number of closely held companies are using the IC-DISC (Interest Charge Domestic International Sales Corporation) provisions of the Internal Revenue Code intended to help U.S.
company engaged in export sales, an interest charge domestic international sales corporation (IC-DISC) offers opportunities to both reduce the amount of revenue subject to the ordinary income tax rate and provide financial compensation to employees, shareholders, or other stakeholders.

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