Foreign Sales Corporation - FSC
- Foreign Sales Corporation - FSC
- A defunct provision in the U.S. federal income tax code which allowed for reduction in taxes on income derived from sales of exported goods. The code required the use of a subsidiary entity in a foreign country which existed for the purposes of selling the exported goods. The FSC evolved from 1971 tax legislation which provided benefits for domestic international sales corporations.
The tax provision was disputed by several countries on the grounds that is constituted an export subsidy that was not allowed under a certain international trade treaties. The foreign sales corporation was eliminated by the Extraterritorial Income Exclusion Act in 2000 which introduced new rules for income not subject to U.S taxation.
Investment dictionary.
Academic.
2012.
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Foreign Sales Corporation (FSC) — A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S. produced goods. The New York Times Financial Glossary … Financial and business terms
Foreign Sales Corporation — Foreign Sales Corporations (FSCs) was a means formerly provided by United States taxation law for US companies to receive a reduction in US federal income taxes for profits derived from exports, through the use of an offshore subsidiary (a… … Wikipedia
foreign sales corporation — ( FSC) A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S. produced goods. Bloomberg Financial Dictionary … Financial and business terms
FSC — may refer to:;Education *Fitchburg State College, a college in Fitchburg, Massachusetts *Florida Southern College, a college in Lakeland, Florida *Florida Sun Conference, an athletic conference of the National Association of Intercollegiate… … Wikipedia
FSC — ( foreign sales corporation) A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S. produced goods. Bloomberg Financial Dictionary Financial Securities Centre. HM Customs … Financial and business terms
FSC — Foreign Sales Corporation Корпорация для внешней торговли … Финансово-инвестиционный толковый словарь
FSC — Fujitsu Siemens Computers (Business » Firms) ** Fujitsu Siemens Computer (Computing » General) * Foreign Sales Corporation (Business » Accounting) * Foreign Sales Corporation (Business » International Business) * Fox Soccer Channel (Community »… … Abbreviations dictionary
FSC — Die Abkürzung FSC steht für: Fabasoft Components, eine Software Produktfamilie der Firma Fabasoft Fabryka Samochodów Ciężarowych, einen polnischen Automobilhersteller Foreign Sales Corporation, ein Steuerbegünstigungsmodell der USA für… … Deutsch Wikipedia
Fsc — Die Abkürzung FSC steht für: Fabasoft Components Fabryka Samochodów Ciężarowych, polnischer Automobilhersteller Flensburger Segel Club in Glücksburg an der Flensburger Förde Flugsimulatorclub e.V. Foreign Sales Corporation Forest Stewardship… … Deutsch Wikipedia
Недобросовестная налоговая конкуренция — Недобросовестная (вредоносная) налоговая конкуренция (налоговый демпинг) (англ. The Harmful Tax Competition, фр. La concurrence fiscale dommageable) юридический термин, применяемый национальными и международными регулирующими… … Википедия
