Dutch sandwich

English

Etymology

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

Noun

Dutch sandwich (plural Dutch sandwiches)

  1. (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.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.