Domestic international sales corporation
id:
domestic-international-sales-corporation-234-17960068
title:
Domestic international sales corporation
text:
The domestic international sales corporation is a concept unique to tax law in the United States. In 1971, the U.S. Congress voted to use U.S. tax law to subsidize exports of U.S.-made goods. The initial mechanism was through a Domestic International Sales Corporation (DISC), an entity with no substance which received tax benefits. Today, shareholders of a DISC continue to receive reduced income tax rates on qualifying income from exports of U.S.-made goods. A DISC is a U.S. corporation that has
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Domestic_international_sales_corporation
date created:
date modified:
2022-08-23T23:17:12Z
main entity:
{"identifier":"Q5290185","url":"https://www.wikidata.org/entity/Q5290185"}
image:
fields total:
13
integrity:
13