Domestic International Sales Corporation

 

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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.



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Domestic International Sales Corporation (DISC)

Domestic International Sales Corporation (DISC)

A US corporation that receives a tax incentive for export activities.


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