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.
Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Trick
Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 6:36 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 6:45 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 7:10 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Dylan » Fri Dec 14, 2012 7:12 am
Why would you need to do it in "real time?"
I still don't know what you mean by legal basis and primary legislation. What is the problem you see with such laws? Just put it in laymen's terms and I'll be able to figure out what you're trying to reference.
I still don't know what you mean by legal basis and primary legislation. What is the problem you see with such laws? Just put it in laymen's terms and I'll be able to figure out what you're trying to reference.
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 7:19 am
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Re: Ah, Yes...The Ol' "Double Irish" and "Dutch Sandwich" Tr
by Boris Johnson » Fri Dec 14, 2012 8:07 am
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