A legal tax dodge also called the Double Irish. Profits are sent to Ireland which has a high tax rate. But, Ireland doesn't tax some payments made to other EU states, so the money is sent to a shell in the Netherlands. The Dutch have very low tax laws, so it is home free. The money is then routed to an Irish-owned subsidieary in Bermuda which is why it is called Double Irish. The corporation has only paid 0.2% of taxes in this process. What a deal!
Google made billions of dollars on it's overseas investments but used the Dutch Sandwich to pay a total of 2.5% in taxes on the profits!
by CrazyManNo9B December 28, 2011
by Jeanette February 16, 2004
A baked potato that has been sliced open, directly farted in, and then closed again to seal in flavor.
by Dutch Sandwitch April 16, 2018
An accounting strategy used by hundreds of US based corporations to reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean.
XYZ corporation used the Double Irish With a Dutch Sandwich accounting technique to avoid $100M in US corporate taxes last year.
by varnent January 6, 2013
by SirToastaire April 16, 2018