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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 MatchesTransnational corporationTransnational corporation1. 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. Security Industry Automated Corporation (SIAC)Security Industry Automated Corporation (SIAC)Entity that executes automated DOT orders. Federal Home Loan Mortgage Corporation (FHLMC)Federal Home Loan Mortgage Corporation (FHLMC)See: Freddie Mac S CorporationS CorporationA corporation that elects not to be taxed as a corporation. That is, the corporation does not directly pay federal income tax on its earnings. Similar to a partnership, it passes its income or losses and other tax items on to its shareholders. Edge Act corporationEdge 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. Further SuggestionsFederal Agricultural Mortgage Corporation (Farmer Mac)closely held corporation Federal Deposit Insurance Corporation Foreign corporation Options Clearing Corporation (OCC) Instinet (Institutional Networks Corporation) Private Export Funding Corporation (PEFCO) National Securities Clearing Corporation (NSCC) Domestic corporation Pension Benefit Guaranty Corporation (PBGC) International Finance Corporation (IFC) Affiliated corporation Closed corporation Domestic International Sales Corporation (DISC) Edge corporations Foreign Sales Corporation (FSC) Federal Deposit Insurance Corporation (fdic) Multinational corporation corporation tax Multinational corporation (MNC) Securities Investor Protection Corporation Options Clearing Corporation Resolution Trust Corporation (RTC) Incorporation Controlled foreign corporation (CFC) |
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