Associated Foreign Corporation

Associated Foreign Corporation

Summary of Associated Foreign Corporation

As used in conjunction with the operations of a DOMESTIC INTERNATIONAL SALES CORPORATION (read this and related legal terms for further details), or DISC, a foreign corporation in which neither the DISC nor members of the DISC’s corporate family own 10 percent or more of the total voting stock, but possess a lesser equity position, which “reasonably furthers a transaction or transactions giving rise to qualified export receipts for the DISC”(Sec. 993- 5[d][l], Internal Revenue Code).

(Main Author: William J. Miller)


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