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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 MatchesNational Association of Investors CorporationNational Association of Investors CorporationA Michigan-based association that helps groups establish investment clubs. Foreign corporationForeign corporationA corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation. National Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. Securities Investor Protection CorporationSecurities Investor Protection CorporationIn the US, a non profit organisation which provides insurance for cash and securities in customer accounts held by approved brokerage firms. Brokers and dealers registered with the Securities and Exchange Commission are obliged to be members of SIPC. In the event that such a firm fails, investors are covered up to a maximum of $500,000 of which no more than $100,000 can be cash. Pension Benefit Guaranty Corporation (PBGC)Pension Benefit Guaranty Corporation (PBGC)A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation). Further SuggestionsResolution Funding Corporation (RefCorp)Federal Deposit Insurance Corporation (fdic) Edge Act corporation advance corporation tax Freddie Mac (Federal Home Loan Mortgage Corporation) Multinational corporation Options Clearing Corporation (OCC) Edge corporations Instinet (Institutional Networks Corporation) Section 352 of the Income and Corporation Taxes Act 1988 S Corporation Federal Deposit Insurance Corporation (FDIC) Pension Benefit Guaranty Corporation Multinational corporation (MNC) Securities Industry Automation Corporation closely held corporation Quasi public corporation Affiliated corporation corporation tax Federal Deposit Insurance Corporation Transnational corporation Financing Corporation (FICO) International Finance Corporation (IFC) Resolution Trust Corporation (RTC) Private Export Funding Corporation (PEFCO) |
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