Alien corporation


 

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Alien corporation

A company incorporated under the laws of a foreign country regardless of where the company conducts its operations.



Alien corporation

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Affiliated corporation

Affiliated corporation

A corporation that is an affiliate to the parent company.


Advance corporation tax

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Tax payable by companies on dividend payments up to 5th April 1999 which was offset against the company's mainstream corporation tax liability.


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Domestic International Sales Corporation

A type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations.


National Association of Investors Corporation

National Association of Investors Corporation

A non-profit, tax exempt organisation located in Michigan, US, whose membership consists of investment clubs and individual investors. NAIC was founded in 1951 with a mission to provide a program of sound investment information, education and support for investors.


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A government agency established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them out or merging them.


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