Tag: Combined Taxable Income (CTI)

US vs. Computervision. April 1991

US vs. Computervision. April 1991

Computervision used a domestic international sales corporation (DISC) for export sales of its products and included those transaction costs in its combined taxable income (CTI) calculation. In this decision, the US Tax court upheld the IRS ruling to disallow inclusion of export promotion expenses in the calculation of taxable net income. US-Computervision_decision_04161991 ... Continue to full case