home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Shareware 1 2 the Maxx
/
sw_1.zip
/
sw_1
/
BUSI
/
SBA62.ZIP
/
FSBA.EXE
/
F202.SBE
< prev
next >
Wrap
Text File
|
1992-04-30
|
690b
|
16 lines
@013 CHAP 11
@CODE: CA
@CODE:NF
┌──────────────────────────────────────────────┐
│ CALIFORNIA TAX TREATMENT OF DISC'S AND │
│ FOREIGN SALES CORPORATIONS │
└──────────────────────────────────────────────┘
California has not enacted any tax rules comparable to the special
federal provisions for Domestic International Sales Corporations
(DISCs) or Foreign Sales Corporations (FSCs). Thus a DISC or an FSC
is taxed under California law in the same way as any other corpora-
tions, and the special federal treatment of DISC or FSC dividends has
no effect on the California tax treatment of those dividends.