Article Title
Abstract
This Note will first address the Domestic International Sales Corporation (DISC) mechanism for providing incentives to foreign export traders and the benefits enjoyed by DISC users. The discussion will then shift to an examination of criticisms levied against the DISC provisions by domestic and European sources. The next section will outline the Foreign Sales Corporation (FSC) legislation, and the following section will analyze its applicability to General Agreements on Tariffs and Trade (GATT) Council Rulings on the DISC. Finally, this Note will conclude that the FSC provisions will also draw GATT-EC attack as "illegal" trade practices by the United States.
Recommended Citation
Elizabeth A. Horsman, Transition from the Domestic International Sales Corporation to the Foreign Sales Corporation: Form without Substance, 3 Penn St. Int'l L. Rev. 139 (1984).