Cameron School of Business at UNCW

A Powerful But Underutilized Tax Subsidy For U.S. Exporters

Posted by Cameron School of Business on Apr 28, 2017 9:15:00 AM

Guest Blogger: Dr. Allison Evans, associate professor of accounting, Cameron School of Business

U.S. exporters can potentially generate large tax savings - roughly 20 percent of their original tax bill - by forming an IC-DISC (Interest-Charge Domestic International Sales Corporation). The most common type of IC-DISC acts, at least on paper, as the exporter’s sales agent. Yet, while the IC-DISC does have recordkeeping and capital requirements, it does not need to have a physical location, employ a single person or interact with any customers. In essence, it can be invisible to those who do business with the exporter, but yield a substantial reduction in the exporter’s tax bill.

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Topics: taxes, exports, allison evans

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Cameron School of Business at UNCW

UNCW was established as Wilmington College in 1947. The Department of Business and Economics became the Cameron School of Business in 1979. Focused on the transformation of today’s business world from the industrial age into the information age, business education at the Cameron School of Business is focused on the technical, analytical and interpersonal skills students will need to lead this fundamental change in the business world through the 21st century.

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