Export Trade Corporation

Export Trade Corporation

Export Trade Corporation means:
a controlled foreign corporation that satisfies the following conditions:

1. 90% or more of the gross income of the corporation for the 3-year period immediately preceding the close of the tax year was derived from services outside the United States, and.

2. 75% or more of the gross income of the corporation for such period constituted gross income in respect of which the corporation derived export trade income.

Former IRC (check if this IRC provision is current here) §971(a).


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