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Foreign Sales Corporation |
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Foreign Sales CorporationRefers to a provision of the U.S. tax code that grants income-tax rebates to American exporters if they form what may be a largely artificial foreign subsidiary called an FSC. This has been the subject of a trade dispute with the EU which complained to the WTO that this constitutes an illegal export subsidy.Similar MatchesArticles of incorporationArticles of incorporationIn the US, the document which the founders of a corporation submit to the relevant state for approval after which a certificate of incorporation is issued. These two documents form the corporation's charter which endorses its legality. Information listed in the charter includes the name of the corporation, purpose, number of authorised shares and details of directors. The rules under which the corporation's internal management operates are listed in the bylaws. Freddie Mac (Federal Home Loan Mortgage Corporation)Freddie Mac (Federal Home Loan Mortgage Corporation)A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities these mortgages for sale in the capital markets. Edge corporationsEdge corporationsSpecialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not subject to restrictions on interstate banking. Foreign banks operating in the US are permitted to organize and own an edge corporation. Advance corporation taxAdvance corporation taxTax payable by companies on dividend payments up to 5th April 1999 which was offset against the company's mainstream corporation tax liability. Federal Deposit Insurance CorporationFederal Deposit Insurance CorporationIn the US, the federal agency that acts as guarantor for funds deposited in member banks. Further SuggestionsMultinational corporationQuasi public corporation Pension Benefit Guaranty Corporation (PBGC) Private Export Funding Corporation (PEFCO) Affiliated corporation Incorporation Domestic International Sales Corporation (DISC) Commodity Credit Corporation National Association of Investors Corporation Securities Investor Protection Corporation Edge Act corporation Federal Deposit Insurance Corporation (fdic) Mortgage Backed Securities Clearing Corporation (MBSCC) Corporation Shell corporation Pension Benefit Guaranty Corporation Options Clearing Corporation Section 352 of the Income and Corporation Taxes Act 1988 Alien corporation Domestic corporation Instinet (Institutional Networks Corporation) Domestic International Sales Corporation Possessions corporation Multinational corporation (MNC) Clearing corporations |
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