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

Tax Season Considerations

Posted by Victoria Hansen on Mar 17, 2017 11:36:53 AM

Guest Blogger: Dr. Victoria Hansen, Associate Professor of Accounting, Cameron School of Business.

Tax season is upon us, so here are a few things to consider as you work on your taxes.

For the 2016 calendar year, some filing deadlines have changed. The deadlines for partnerships and C corporations have flipped.  Partnership returns are now due March 15, while C corporation returns are now due April 15 (April 18 for 2017). Extensions of time to file can be requested until Sept. 15 (Sept. 16 for 2017) for both partnerships and C corporations.

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Topics: Accounting, taxes

Understanding U.S. Incentives For Keeping Foreign Earnings Abroad

Posted by Cameron School of Business on Mar 17, 2017 11:32:58 AM

March 2017 Editor's Note: This post was originally published in November 2016 and has been updated for accuracy and comprehensiveness.

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Guest Blogger: Zhan Furner, Ph.D., Assistant Professor of Accounting, Cameron School of Business

In August 2016, the European Competition Commission determined that Ireland had given Apple’s Irish subsidiaries illegal tax benefits, and it calculated that these subsidiaries owe Ireland nearly $14.5 billion in back taxes.

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Topics: Accounting, Cameron Faculty, Cameron School of Business, Economics, global, Insights, International, taxes

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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.

On our blog, you will find:

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