English Explanatory Dictionary

Dutch sandwich

English dictionary entry

Meanings

noun
  1. 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.

Word forms

Dutch sandwich Dutch sandwiches

Etymology

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

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