dutch-sandwich

Noun

(plural Dutch sandwiches)

(finance) A form of tax avoidance, based on the Double Irish arrangement, in which revenues from income of sales of the products shipped by the second Irish company are first booked by a shell company in the Netherlands, taking advantage of generous tax laws there.

Origin

The two Irish holding companies can be imagined as "bread", with the Netherlands company as a filling between them.

English Wiktionary. Available under CC-BY-SA license.

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"dutch-sandwich." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/dutch-sandwich>.

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dutch-sandwich. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/dutch-sandwich

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