Dutch sandwich love

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

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

Examples

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