Closely held companies that export have a tax-savings opportunity by creating an Interest Charge–Domestic International Sales Corporation (IC-DISC).
The IC-DISC is a creature of the Internal Revenue Code that provides a significant tax incentive for business owners who manufacture and export. Small to mid-size businesses can set up a separate corporation that elects to be treated as an IC-DISC.
Doug is a Partner and the International Tax practice leader in the Tax Services group of Brown Smith Wallace. With over 24 years of experience, he is skilled at advising on international expansion, developing global tax strategies, assessing global tax risk management and navigating the changing global tax environment.
His areas of expertise include global tax strategy development, cash repatriation strategies, transfer pricing, cross border disputes management, exporting initiatives, federal tax audit management, international tax compliance, and international expansion.
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