Foreign Sales Corporations: A New Form of Tax Relief For Exporters
Marcuss, Stanley J. & Hoff-Patrinos, Kathryn
Abstract
This article compares the U.S. export incentives, the Domestic International Sales Corporation (DISC) and the newer Foreign Sales Corporation (FSC), and concludes that the complexities of the FSC will make achieving the objective of reducing the tax on imports a challenge to lawyers and accountants alike.