Double
Irish/Dutch Sandwich---The slang name for
the rumoured overseas route taken by missing profits, missing taxable sources
of income, and missing investment capital after the initial trip to a zero percent
tax city. One old pirate says the
missing money eventually lands in “paper bags”, mattresses, the Caribbean in
paper banks, and other tax havens across the globe…the dread liquidity trap.
Some say this is sheer nonsense. Some think they have heard of it before.
Legend has it two entities linked by private corporations/holding companies are
set up in Ireland. Then Ireland is listed as subsidiary home. Then the money
doesn’t get taxed…guessing it is both private and public equity by this time
but counted as private
equity maybe...or something like that…see tax inversion.