foreign sales corporation
- A corporation established outside the U.S. under U.S. tax law to gain a tax exemption on some earnings from U.S. products in global markets
- To minimize tax obligations, the firm established a foreign sales corporation.
- The foreign sales corporation helps U.S. companies compete in international markets by providing tax benefits.
- The use of a foreign sales corporation can increase the net profits for U.S. exporters.
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