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social science subjects > economics > economic concepts > international trade > foreign sales corporation
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > international trade > foreign sales corporation
social science subjects > business and management > international business > international trade > foreign sales corporation
social science subjects > politics and international relations > international relations > international trade > foreign sales corporation
... > social science subjects > criminology and criminal justice > criminology > law and society > law and political science > international trade > foreign sales corporation
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and political science > international trade > foreign sales corporation

Preferred term

foreign sales corporation  

Definition

  • A foreign sales corporation (FiSC) is a part of the United States Internal Revenue System tax code that allows exporting companies to shield profits from taxation. The European Union (EU) and other U.S. trading partners viewed this scheme as a subsidy, and challenged it in the World Trade Organization (WTO). [Source: Encyclopedia of Business in Today's World; Foreign Sales Corporation]

Broader concept

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URI

https://concepts.sagepub.com/social-science/concept/foreign_sales_corporation

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