The DISC Case

DISC stands for Domestic International Sales Corporation, the name of a 1971 law granting special tax benefits to United States exporters. The European Community brought a lawsuit charging that the DISC legislation violated the GATT Article XVI: 4 which prohibit export subsidies. The United States responded by filing three counter-complaints charging that, if DISC was in violation of GATT, so was the "Territoriality" principle in the income tax laws of France, Belgium and the Netherlands.

Provided by: Topic: Software Date Added: Mar 2003 Format: PDF

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