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More information about the underlying tax loophole: http://en.wikipedia.org/wiki/Double_Irish_arrangement http://en.wikipedia.org/wiki/Double_Irish_arrangement
by sjwright 13y ago
More information about the underlying tax loophole:
http://en.wikipedia.org/wiki/Double_Irish_arrangement http://en.wikipedia.org/wiki/Double_Irish_arrangement
- IanCal 13y agoThis isn't the same loophole, this is for "Ghost Companies" which have no declared tax residency anywhere.
- ma2rten 13y agoIt says that the Dutch Railways company (Nederlandse spoorwegen) uses that scheme, which is interesting, because that company is state-owned. You wouldn't say that that company is interested in tax evasion. Crazy world that we live in.
- digitalengineer 13y agoWhy not? Even our Dutch Royal Family have such constructions. (Via the palace and Guernsey).
- ma2rten 13y agoBecause normally the profits would go into Dutch treasury, either in the form of tax or dividend. This way a part goes to the Irish.
- jacques_chester 13y agoTax reduction. Tax avoidance or evasion is a crime. Edit: I'm wrong, see below.
- jiggy2011 13y agoUsually tax avoidance means legal , tax evasion means illegal.
- jacques_chester 13y agoOh sod, you're right. I hate being on the wrong side of XKCD386. Anyhow, this is why I prefer "tax reduction". It doesn't rely on correctly choosing between two synonyms :D