Foreign Sales Corporations for manufacturers

Article Abstract:

The foreign sales corporations (FSC) program created by the US Congress enables exporting companies to increase their post-taxation profits from their foreign ventures. Through the program, manufacturers are allowed to establish FSCs under the laws of any qualifying country. Each time an export transaction is made by the parent company, a commission is recorded to the FSC using an IRS-authorized formula. This commission expense can be deducted from the tax of the parent company while percentage of the commission is exempted from the federal tax of the FSC. Small FSCs are not required to follow regulations imposed on large FSCs. The FSC program was established to balance the US trade deficits and increase the competitiveness of manufacturing companies in the global arena.

Manufacturing industries, not elsewhere classified, Manufacturing industry, Manufacturing industries, Laws, regulations and rules, Reports, International trade, Foreign sales corporations, Export trading companies

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Go carefully into unknown territory

Article Abstract:

Issues concerning the public concerns over genetically modified food are discussed, with particular focus on the capacity of Australian businesses to respond to these concerns. It is emphasized that ethical aspects of business can be more important than sales forecasts.

Australia, Observations, Genetically modified plants, Genetic engineering

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