Elliott Davis Decosimo International Articles

Introduction to Transfer Pricing: Part 1

November 24, 2009 by Kay Biscopink, CPA

What is Transfer Pricing? The operating units of multinational corporations usually engage in a variety of inter-company transactions.  A key issue of international taxation is the problem of “transfer pricing.”  The term refers to the pricing of goods and...

International Financial Reporting Standards (IFRS)

November 5, 2009 by Jennifer Powers, CPA

Are you ready for IFRS? The acceptance of International Financial Reporting Standards (IFRS) as the preferred method of financial reporting on a global level leaves U.S. companies and accounting firms with many fundamental changes that will transform their traditional...

Interest Charged Domestic International Sales Corporation (IC-DISC)

November 2, 2009 by Jennifer Powers, CPA

The Interest Charged Domestic International Sales Corporation (IC-DISC) is one of the few remaining tax benefits to U.S. companies that export offshore. The IC-DISC provides multiple benefits including ease to create, exemption from U.S. taxation, and the dividends...