Tax Relief Act is Good News for U.S. Exporters and Multinationals
United States exporters continue to benefit from powerful tax savings through the use of Interest Charge Domestic International Sales Corporations (IC-DISCs). Washington lawmakers' recent decision to extend capital gains rates for qualified dividends maintains a qualified taxpayer's ability to achieve permanent tax savings of 20 percent on dividend distributions to qualified shareholders of an IC-DISC. Note that only individuals, including shareholders of pass-through entities, such as Sub Chapter S corporations, are entitled to the qualified dividend income rate.
Other international tax relief provisions extend certain exceptions to the Subpart F anti-deferral regime.
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