Double Irish Arrangement

Lerch · 03-17-2011, 03:42 PM

http://en.wikipedia.org/wiki/Double_Irish_Arrangement

The Double Irish Arrangement is a tax avoidance strategy that U.S. based multinational corporations use to lower their income tax liability. The idea is to use payments between related entities in a corporate structure to shift income from a higher-tax country to a lower-tax country. It relies on the fact that Irish tax law does not include effective transfer pricing rules.

Major companies known to employ the Double Irish strategy are:

Eli Lilly and Company
Forest Laboratories
Google
Microsoft
Oracle Corp.
Pfizer Inc.

Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

03-17-2011, 03:42 PM	#1
Lerch Senior Member Join Date: Aug 2009 Posts: 52,170 vCash: 2000000000000	Double Irish Arrangement http://en.wikipedia.org/wiki/Double_Irish_Arrangement The Double Irish Arrangement is a tax avoidance strategy that U.S. based multinational corporations use to lower their income tax liability. The idea is to use payments between related entities in a corporate structure to shift income from a higher-tax country to a lower-tax country. It relies on the fact that Irish tax law does not include effective transfer pricing rules. Major companies known to employ the Double Irish strategy are: Eli Lilly and Company Forest Laboratories Google Microsoft Oracle Corp. Pfizer Inc. Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

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