Export Tax Benefits and the WTO : Foreign Sales Corporations and the Extraterritorial Replacement Provisions

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Analyzes foreign sales corporation (FSC) provisions of the U.S. tax code that provide tax benefits for U.S. exporters, in light of European Union (EU) charges of export subsidies and World Trade Or...

Analyzes foreign sales corporation (FSC) provisions of the U.S. tax code that provide tax benefits for U.S. exporters, in light of European Union (EU) charges of export subsidies and World Trade Organization decisions upholding the EU complaint. Reviews historical background, the General Agreement on Tariffs and Trade, the extraterritorial income exclusion, and the economics of FSCs and extraterritorial provisions.

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