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Many countries have specialized agencies and programs that provide assistance and incentives for the export of products manufactured in the country and help mitigate the risks inherent in the export, such risks, the lack of payment from buyers. We summarize some of them below.
The U.S. Export Assistance Centers U.S. (USEACs), in conjunction with the Small Business Administration (SBA) and the U.S. Export Import Bank, supports U.S. exporters in determining options Export Financing and insurance strategies. In terms of tax saving, exporting firms can apply to qualify as an Interest Charge Domestic International Sales Corporation (IC-DISC). An IC-DISC allows taxpayers to channel mofcom a portion of their export earnings (attributable to the first $ 10 million of gross export earnings) in a DISC by paying a "commission" for the DISC. The tax on the portion of the taxpayer's income covered by the commission postponed indefinitely, subject to a low rate of interest. Taxpayers are allowed to deduct the fees paid to the IC-DISC against ordinary income, which are taxed at 35 percent.
Proceeds from an IC-DISC, excess attributable to the first $ 10 million of gross receipts are considered to be distributed by the IC-DISC in the year they are earned and are characterized as dividends, which are taxed at 15-20 percent. To qualify as an IC-DISC, a domestic company must pass the tests two main test qualified export receipts requiring that 95 percent of the gross income of the IC-DISC constitute qualified export receipts, and proof of qualified export mofcom goods that require 95 percent of the assets of the IC-DISC are qualified export assets.
UK UK Export Finance mofcom (UKEF) is the official body of export credit in the UK, which plays an important role to help boost exports from Britain. Guarantees to banks providing loans to foreigners to purchase exports from the UK buyers. This means that the risk of bank loan so that it is more likely that the bank offers mofcom is assumed. It also provides insurance to UK exporters against non-payment of foreign buyers. The UKEF also helps exporters to overcome the binding mofcom constraints and working capital.
In 2012-13, the UKEF provided 4.3 billion to support British companies, and up to 2.3 billion pounds in previous years, rising to the highest in 12 years. This helped 66 exporters, including 49 small and medium enterprises (SMEs-medium-sized businesses) to win contracts worth over 500 million. Recently developed a Plan UKEF Direct Loan 1.5 billion, which will provide loans to foreign mofcom buyers between 5 million and 50 million to finance the purchase of capital goods and services from UK exporters. Loans can be made in sterling, U.S. dollars, euros or Japanese yen.
The UK Trade & Investment (UKTI) offers services to companies wishing to export from the UK, including financial subsidies, export documentation, training and research export markets.
France UBIFRANCE, the French Agency for International Business Development, is responsible for promoting exports of all goods and services. The SMEs can receive loans of up to 80,000 for the development of export business OSEO, the French agency for innovation whose mission is to promote innovation and growth mofcom of SMEs. OSEO guarantees and financing for SMEs in Franci