Companies with profitable export sales may realize permanent tax savings by utilizing an Interest-Charge Domestic International Sales Corporation (IC-DISC).
IC-DISC is the last export incentive remaining after the 2004-2006 changes to the Extraterritorial Income Exclusion. Fortunately, it became even more attractive in the wake of the Job and Growth Tax Relief Reconciliation Act of 2003.
0 Comments Click here to read/write comments
Topics: exports, Extraterritorial Income Exclusion, IC-DISC, manufacturers, Tax, Uncategorized