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43 St. Mary's L.J. 825 (2011-2012)
The Double Irish Sandwich: Reforming Overseas Tax Havens

handle is hein.journals/stmlj43 and id is 833 raw text is: RECENT DEVELOPMENT THE DOUBLE IRISH SANDWICH: REFORMING OVERSEAS TAx HAVENS STEPHEN C. LooMIS I. Introduction................................. 826 II. The Present International Taxation Regime ........... 830 A. Fundamental United States Tax Concepts ......... 831 1. Worldwide Income Taxation ................. 831 2. Realization Requirement.................... 831 B. Controlled Foreign Corporations ................ 832 1. Deferral Problem ........................... 832 2. Anti-Deferral Solution ...................... 833 C. Transfer Pricing............................... 834 D . Section 367................................... 835 III. The Double Irish Sandwich ...................... 836 A. The Double Irish Walkthrough .................. 836 1. Transferring Intellectual Property to an Irish Subsidiary in Bermuda ...................... 836 2. Second Irish Subsidiary...................... 838 3. Dutch Sandwich............................ 839 B. Repatriation Limitation ........................ 839 1. The K iller B ............................... 840 2. The DeadlyD ............................. 841 3. The OutboundF ........................... 841 IV. Is Reform Needed? ............................... 842 A. Congressional Intent........................... 843 825

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