Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Trick
Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by eric » Thu Dec 13, 2012 8:06 pm
"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by TheRantinArkansan » Thu Dec 13, 2012 11:18 pm
Every man is his own king
The artist formerly known as ThePiperFromArkansas.
The artist formerly known as ThePiperFromArkansas.
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 3:07 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 5:05 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Dylan » Fri Dec 14, 2012 6:08 am
Why not just pass a law? Seems easier and cleaner and it would capture quite a bit of the revenue that currently goes uncollected.
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 6:31 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Dylan » Fri Dec 14, 2012 6:35 am
As to corporations incorporated in the US, the US government could override tax havens quite easily. THey would just, you know, do it.
For example numerous corporations will "sell" a product to a subsidiary that is located in, e.g., Cayman, at a big loss and then re-sell it to the buyer of the goods in the US at a profit. The profit is derived in Cayman thus Cayman taxes on profits (or lack thereof) apply.
This is a pretty easy fix. You just don't give effect to the sham transaction. Voila.
For example numerous corporations will "sell" a product to a subsidiary that is located in, e.g., Cayman, at a big loss and then re-sell it to the buyer of the goods in the US at a profit. The profit is derived in Cayman thus Cayman taxes on profits (or lack thereof) apply.
This is a pretty easy fix. You just don't give effect to the sham transaction. Voila.
Last edited by Dylan on Fri Dec 14, 2012 6:37 am, edited 1 time in total.
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