Edge Act corporation
Edge Act corporationCorporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries. Named after Senator Walter Edge of New Jersey, who sponsored the original legislation to permit formation of such organizations. See also: agreement corporation.
Edge Act corporation
Foreign Sales Corporation (FSC)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.
Corporation taxCorporation tax
A tax payable by a company on its profits. The full rate is 30%, but there is a lower rate for small companies.
Possessions corporationPossessions corporation
A type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a foreign subsidiary.
Transnational corporationTransnational corporation
1. Same as multinational corporation, though for some reason this term seems to be preferred by those who don't like them. 2. A corporation whose national identity is a matter of convenience only, and that will move its headquarters readily in response to incentives.
Clearing corporationsClearing corporations
Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement.
Further SuggestionsAffiliated corporation
Pension Benefit Guaranty Corporation (PBGC)
Commodity Credit Corporation
National Securities Clearing Corporation (NSCC)
International Finance Corporation (IFC)
Securities Investor Protection Corporation
Freddie Mac (Federal Home Loan Mortgage Corporation)
Securities Industry Automation Corporation
Quasi public corporation
Options Clearing Corporation
Mortgage Backed Securities Clearing Corporation (MBSCC)
Section 352 of the Income and Corporation Taxes Act 1988
Domestic International Sales Corporation
Articles of incorporation
Controlled foreign corporation (CFC)
closely held corporation
National Association of Investors Corporation
Security Industry Automated Corporation (SIAC)
Options Clearing Corporation (OCC)