411 REFERENCE · Wiktionary
Dutch sandwich
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
The two Irish holding companies can be imagined as "bread", with the Netherlands company as a filling between them.
Noun
en 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.