Table 4.--Foreign Sales Corporations, Tax Year 1996, Assets, Receipts, Deductions, Net Income, Exempt Income, Taxes, and Distributions of All Active FSC's, by Country of Incorporation
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Foreign trading gross receipts of FSC's and related suppliers Number Country of incorporation of returns Total assets Commissions and accounts receivable (1) All countries................................................................................................. 4,363 Barbados................................................................................................. 1,276 Bermuda................................................................................................. 118 Guam................................................................................................. 194 Jamaica................................................................................................. 122 Netherlands................................................................................................. 23 Northern Marianas................................................................................................. 9 (2) 26,798,911 6,294,657 5,465,113 2,145,984 1,394,219 774,803 7,442 (3) 21,019,450 4,470,212 4,189,066 1,169,324 1,348,843 737,263 5,459 6,855,344 2,243,939 Total current and long-term liabilities (4) 7,698,542 2,276,921 91,054 989,151 980,344 264,761 1,832 2,193,743 900,735 (5) 285,902,491 87,241,385 3,356,670 42,044,955 9,091,648 25,275,348 43,858 108,941,313 9,907,313 (6) 236,199,601 74,480,959 2,222,748 38,181,093 7,506,050 17,542,978 43,858 90,051,980 6,169,934 (7) 49,702,889 12,760,426 1,133,922 3,863,861 1,585,598 7,732,370 -18,889,333 3,737,379 (8) 20,464,648 2,033,123 22,174 14,919,853 274,028 6,977 36,867 2,918,706 252,921 Total Full costing Marginal costing Cost of goods sold
United States Virgin Islands................................................................................................. 2,531 7,672,954 All other, including country not stated................................................................................................. 90 3,043,740 Total income
Foreign trade deductions Administrative Nonadministrative Foreign Total direct costs (12) 18,551,115 7,126,328 54,129 1,318,521 1,196,450 1,075,367 -7,462,884 317,437 (13) 4,023,025 890,665 25,356 618,660 167,507 326,728 -1,867,851 126,258 (14) 846,739 315,884 309,634 52,466 --6,724 161,793 237 Total Foreign direct costs (15) 238,991 176,564 39 46,310 ---16,078 -Total nonforeign trade deductions (16) 97,441 105 65 8,680 4 9,666 -78,845 77
Country of incorporation
Administrative foreign trade income (9)
Nonadministrative foreign trade income (10) 1,295,859 440,882 450,075 120,535 --6,991
Nonforeign trade income (less loss) (11) 205,549 4,414 3,331 10,833 -48 2,126 28 98,879 85,985
All countries................................................................................................. 31,344,338 Barbados................................................................................................. 11,261,586 Bermuda................................................................................................. 250,271 Guam................................................................................................. 2,584,517 Jamaica................................................................................................. 1,690,694 Netherlands................................................................................................. 1,907,503 Northern Marianas................................................................................................. --
United States Virgin Islands................................................................................................. 12,693,725 275,459 All other, including country not stated................................................................................................. 956,042 1,917
Footnotes at end of table.
Table 4.--Foreign Sales Corporations, Tax Year 1996: Assets, Receipts, Deductions, Net Income, Exempt Income, Taxes, and Distributions of All Active FSC's, by Country of Incorporation--Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Net income (less deficit) prior to adjustments Net Country of incorporation Administrative (17) All countries................................................................................................. 4,680,405 Barbados................................................................................................. 1,442,786 Bermuda................................................................................................. 68,215 Guam................................................................................................. 461,901 Jamaica................................................................................................. 175,948 Netherlands................................................................................................. 290,298 Northern Marianas................................................................................................. -Nonadministrative (18) 314,175 87,498 98,235 47,648 --187 Nonforeign trade (19) 108,108 4,309 3,267 2,153 -52 -7,539 28 20,035 85,908 income (less deficit) (20) 4,894,612 1,451,064 74,284 511,105 175,896 282,758 215 2,073,903 325,387 Net exempt income (21) 4,896,783 1,451,131 74,366 511,124 175,901 282,777 215 2,075,877 325,392 (22) 2,171 68 83 19 5 19 -1,973 4 Net income Deficit
United States Virgin Islands.................................................................................................79,431 2,002,955 All other, including country not stated................................................................................................. 238,303 1,176 Income tax
Country of incorporation
Taxable income Total Regular Administrative Nonadministrative
Total distributions
(23) All countries................................................................................................. 4,894,266 Barbados................................................................................................. 1,450,276 Bermuda................................................................................................. 74,347 Guam................................................................................................. 510,372 Jamaica................................................................................................. 175,901 Netherlands................................................................................................. 282,777 Northern Marianas................................................................................................. 215
(24) 1,715,237 503,269 25,933 177,335 61,094 99,007 32
(25) 1,715,145 503,090 25,933 177,774 60,935 98,869 32 734,929 113,583
(26) 8,360,784 2,703,729 127,968 832,899 322,374 542,712 -3,414,572 416,529
(27) 135,496 37,536 42,220 20,423 --80 34,733 504
(28) 10,185,606 3,136,473 417,232 761,167 352,949 575,586 -4,705,037 237,162
United States Virgin Islands................................................................................................. 2,074,986 734,984 All other, including country not stated................................................................................................. 325,392 113,583
NOTE: Detail may not add to totals because of rounding. SOURCE: IRS, Statistics of Income Bulletin, Publication 1136, Spring 2000.