Double Irish and Dutch sandwich, seem like very interesting cocktails at your neighborhood bar. I would love that, but surprise it is not. These are names or codes given to a technique for saving tax by moving funds in between higher tax paying countries to lower ones. In this case moving money from US to Ireland for the double irish high!!! oops low tax.
Now what is the Dutch sandwich the main course after the drink – Double Irish, nope, it is the middleman where you could move the money to a Dutch subsidiary and save more tax.
Do you think corporations are doing this? Surprise again? Mostly all the corporations who are in the technology field do this to save billions. This is not illegal, it is a loophole, which everyone knows but dont want to plug. Why? you tell me?
Now you might be thinking is there a Single Irish and a Dutch burger for individuals to do this? Don’t even think about it? Uncle Sam will hunt you down like a pig and will show you how to put money to good use.
