domestic international sales corporations
GPTKB entity
Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_entity
|
| gptkbp:abbreviation |
gptkb:DISC
|
| gptkbp:appliesTo |
U.S. exporters
|
| gptkbp:benefit |
deferral of export income
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:createdBy |
Revenue Act of 1971
|
| gptkbp:notableFeature |
no substantial economic activity required
paper corporation structure |
| gptkbp:purpose |
tax incentive for export
|
| gptkbp:regulates |
Internal Revenue Code Section 991-997
|
| gptkbp:relatedTo |
extraterritorial income exclusion
foreign sales corporation |
| gptkbp:repealedBy |
2000
FSC Repeal and Extraterritorial Income Exclusion Act of 2000 |
| gptkbp:status |
repealed
|
| gptkbp:taxStatus |
1120-DISC
|
| gptkbp:bfsParent |
gptkb:Subchapter_S_of_Internal_Revenue_Code
|
| gptkbp:bfsLayer |
7
|
| https://www.w3.org/2000/01/rdf-schema#label |
domestic international sales corporations
|