Death Of The 'Double Irish Dutch Sandwich'? Not So Fast
Law360, New York (October 27, 2014, 4:15 PM EDT) -- On Oct. 14, 2014, the Irish minister for finance released proposals as part of the 2015 Irish Budget that would cause Irish incorporated nonresident (INR) companies to be treated as tax-resident in Ireland beginning Jan. 1, 2015. The goal is to shut down the use of so-called "Double Irish" and "Double Irish Dutch Sandwich" structures commonly used by U.S. multinationals, such as Google, Microsoft, and Facebook, among others, to significantly reduce their worldwide effective tax rate on royalties derived from the exploitation of intellectual property.
Although the rules are proposed to take effect Jan. 1, 2015, so that any new Irish...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!