Unlocking the Benefits of IC-DISC for Exporters

Thu, 11 Jul 2024 17:35:19 +0000

The Interest Charge-Domestic International Sales Corporation IC-DISC is a powerful yet often underutilized tax incentive available to U.S. exporters. It provides substantial tax savings by allowing certain export-related income to be taxed at lower capital gains rates rather than higher ordinary income tax rates. This mechanism, established under the Internal Revenue Code, aims to encourage domestic companies to increase their exports, thereby boosting the U.S. economy.