Dutch sandwich
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English[edit]
Etymology[edit]
The two Irish holding companies can be imagined as "bread", with the Netherlands company as a filling between them.
Noun[edit]
Dutch sandwich (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.