By Mel Beasley, CSB Marketing Assistant

Considering that most of the United States’ business is conducted outside of the country, it makes sense that there are professionals in the world dedicated to effectively conducting international business to keep our economy running smoothly.  

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.