ETI and IC-DISC export tax benefits for government contractors
As contracts for the Middle East and tsunami-ravaged areas are being awarded, government contractors, as well as traditional commercial exporters, find themselves exporting goods and services through defense, humanitarian and developmental programs sponsored directly or indirectly by the US. Unfortu...
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| Veröffentlicht in: | The Tax Adviser 2006-04, Vol.37 (4), p.209 |
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| creator | Ballard, Christine |
| description | As contracts for the Middle East and tsunami-ravaged areas are being awarded, government contractors, as well as traditional commercial exporters, find themselves exporting goods and services through defense, humanitarian and developmental programs sponsored directly or indirectly by the US. Unfortunately, government contractors have to jump through many hoops before they can enjoy the permanent tax savings available under the extraterritorial income exclusion regime or the interest-charge domestic international sales corporation regime. They must vet contracts to demonstrate eligibility, which requires close coordination between the tax function, accounting department and contract officers. Sometimes, this might require going back to the agency that awarded the contract for details on the bidding circumstances. And there will be times when contracts are classified and cannot be directly examined by tax and accounting personnel. |
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| fulltext | fulltext |
| identifier | ISSN: 0039-9957 |
| ispartof | The Tax Adviser, 2006-04, Vol.37 (4), p.209 |
| issn | 0039-9957 |
| language | eng |
| recordid | cdi_proquest_reports_194964238 |
| source | EBSCOhost Business Source Complete |
| subjects | Armed forces Construction contracts Contractors Corporate income taxes Defense contracts Diplomatic & consular services Engineering firms Export duties Export taxes Exports Extraterritoriality Foreign source income taxation Government contractors Government contracts Humanitarianism Infrastructure Laws, regulations and rules Military bases Sales Tax benefits Taxation |
| title | ETI and IC-DISC export tax benefits for government contractors |
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