U.S. Exports in the Post Covid-19 World
The impact of the COVID19 pandemic on global supply chains will play out throughout the world well into the foreseeable future. In the U.S. the stark reality of relying on China as an integral manufacturer of many products that Americans gave little thought to prior to COVID19, has resulted in a groundswell cry to reevaluate this relationship moving forward. From the C-Suite of large multinational corporations to closely held business owners the question of whether to move some manufacturing operations back to the U.S. is currently underway. While it is impossible to move a foreign manufacturing facility overnight, some operations can be peeled back to the U.S. in short order. This will likely result in the opportunity to export these products from the U.S., thus revisiting the vitality of the Interest Charge Domestic International Sales Corporation (IC-DISC) may be in order, especially for closely held businesses.
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