What is the definition of Foreign sales corporation (fsc)? | Dictionary.net

FOREIGN SALES CORPORATION (FSC)

\fˈɒɹən sˈe͡ɪlz kˌɔːpəɹˈe͡ɪʃən ˌɛfˌɛssˈiː], \fˈɒɹən sˈe‍ɪlz kˌɔːpəɹˈe‍ɪʃən ˌɛfˌɛssˈiː], \f_ˈɒ_ɹ_ə_n s_ˈeɪ_l_z k_ˌɔː_p_ə_ɹ_ˈeɪ_ʃ_ə_n__ ˌɛ_f_ˌɛ_s_s_ˈiː]\

Definitions of FOREIGN SALES CORPORATION (FSC)

1910 - Black's Law Dictionary (2nd edition)

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A firm of exporters start to get tax exemptions. It keeps books, has a director in the country of the office, and gets its income from US goods or services. It used to be called a domestic international sales corporation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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