IC-DISC Offers Tax Breaks for Exporters

Setting up and operating an interest charge domestic international sales corporation (IC-DISC) can reduce the tax rate on qualifying export sales by up to 20 percentage points. An IC-DISC’s tax-savings power is derived from the current 15% tax rate on qualified dividends. Businesses that could benefit should consider creating an IC-DISC sooner rather than later because, without additional Congressional action, this tax rate applies only through 2012.

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