Meaning of FOREIGN SALES CORPORATIONS in English

FOREIGN SALES CORPORATIONS

A corporation that provides U.S. businesses which export with tax benefits. Exporters can establish a Foreign Sales Corporation (FSC) in a specially designated foreign country, or one of several designated U.S. possessions. The statute providing for the establishment of FSCs was part of the Deficit Reduction Act of 1984.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.