Sunday, August 15, 2004

The just-released Statistics of Income Bulletin (Spring 2004) includes Interest-Charge Domestic International Sales Corporations, 2000, by Cynthia Belmonte (SOI). Here is the abstract:

IC-DISC tax provisions provide limited incentives to small U.S. exporters. IC-DISC’s filed 727 income tax returns for 2000. Export gross receipts were $4.7 billion, tax-deferred IC-DISC income reported to shareholders was $0.7 billion, and actual distributions to shareholders were $0.4 billion.

For related tables of data, see here.