double dipping Hear it!

double dipping definition - finance
The ability to deduct interest expense in two different tax jurisdictions at the same time. This is a creative, cross-border financing arrangement. Double dipping can also refer to any other similar situation in which a system is used to a person or companyÂ’s benefit.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.