domestic international sales corporation

Domestic International Sales Corporation. A U.S. corporation, esp. a subsidiary whose income is primarily attributable to exports. • Income tax on part of a DISC’s income is usu. deferred, resulting in a lower overall corporate tax for the parent than it would otherwise incur. IRC (26 USCA) §§ 991–997 — Abbr. DISC. [Cases: Internal Revenue 4118. C.J.S. Internal Revenue §§ 486–487.]

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词条贡献者

资深译员Lester，毕业于美国一流的高级翻译学院，专注翻译各种与复杂国际仲裁有关的法律文件。