Article Title
Changes in the 1976 Tax Reform Act in the Treatment of Discs: Streamlining the Disc Provisions
Abstract
This paper examines the creation of the Domestic International Sales Corporation (DISC) method of deferral of tax on export income in 1971. The DISC legislation was part of a general effort by Congress, in the late 1960's and early1970's, to bolster the United States economy by using tax incentives in order to solve an ever worsening balance of payments deficit, followed by the subsequent Tax Reform Act of 1976 that responded to many of the longstanding criticisms of the DISC shelter, which had been present since the DISC scheme was first enacted.
ISSN
0093-0709
Recommended Citation
Laufer, Alan
(1977)
"Changes in the 1976 Tax Reform Act in the Treatment of Discs: Streamlining the Disc Provisions,"
Syracuse Journal of International Law and Commerce: Vol. 5:
No.
1, Article 4.
Available at:
https://surface.syr.edu/jilc/vol5/iss1/4