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International Tax Blog - Prior Posts
The IC-DISC (“Interest Charge Domestic International Sales Corporation”) regime provides a two prong tax incentive to U.S. based companies exporting product for use outside of the United States. This blog post covers the basic concepts of the IC-DISC tax regime, found within Code Sections 991 - 997 of the Internal Revenue Code and the accompanying...
As implimentation of the Foreign Account Tax Compliance Act ("FATCA") continues, U.S. persons with offshore financial accounts are beginning to take notice. Passed as part the 2010 HIRE Act, FATCA's goal is to increase offhsore account compliance. FATCA provides a two prong attack on offshore accounts. First, FATCA creates a new...
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