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)

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Wikipedia

  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.