Difference between revisions of "Foreign Sales Corporation"
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| − | A '''Foreign Sales Corporation''' (FSC) under [[United States]] tax law, is a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets. An FSC must be set-up as a foreign corporation with an office outside the U.S.<ref> | + | A '''Foreign Sales Corporation''' (FSC) under [[United States]] tax law, is a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets. An FSC must be set-up as a foreign corporation with an office outside the U.S.<ref>[http://www.marad.dot.gov/publications/glossary/F.html U.S. Department of Transportation Maritime Administration]</ref> |
==References== | ==References== | ||
<references/> | <references/> | ||
[[Category:Shipping Terms]][[Category:Economics]] | [[Category:Shipping Terms]][[Category:Economics]] | ||
Latest revision as of 13:04, July 13, 2016
A Foreign Sales Corporation (FSC) under United States tax law, is a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets. An FSC must be set-up as a foreign corporation with an office outside the U.S.[1]