Dutch sandwich
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.