double Irish - definition and synonyms

noun business  /ˌdʌb(ə)l ˈaɪrɪʃ /

or double Irish arrangement  /ˌdʌb(ə)l aɪrɪʃ əˈreɪndʒmənt/

  1. a way of avoiding tax used by some large corporations, which involves moving the company’s income to a country with lower tax rates than the one where it does most of its business. Usually income is transferred to a branch of the company based in Ireland, and from there to another Irish company based in a country where there is no corporation tax.