Extremely lucrative sandwich.

"A 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories," icij.org. Whether the name has been derived from Pandora's Box in Greek mythology, which when opened, released sickness and misery upon mankind, we don't know. "These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world." "The Pandora Papers reveal complex networks of companies that are set up across borders, often resulting in hidden ownership of money and assets. For example, someone may have a property in the UK, but own it via a chain of companies based in other countries, or 'offshore'," BBC. "There is no definitive list of tax havens, but the most well known destinations include British Overseas Territories such as the Cayman Islands and the British Virgin Islands, as well as countries such as Switzerland and Singapore." There maybe no comprehensive list of tax havens but, for India with its very high tax rates, almost any country could count as a tax haven. Indiatimes.com listed the names of 7 countries in June. The list of advantages of setting up a business in Singapore compared to India could make it a tax haven in the eyes of our government, corporate services. "Measures to wind back this system seem ineffectual at best," wrote David Fickling. "So much money now moves through the world's offshore financial centers that such paper transactions now account for a greater flow of cash than any country receives from genuine foreign investments." "Mandatory rules introduced in 2014 to prevent European banks' use of tax havens seem to have made no real difference, according to a report last month by the EU Tax Observatory." Indeed, in 2020, "Apple won a landmark court case against the European Commission over a dispute concerning 13 billion euros ($14.9 billion) in Irish taxes," CNBC. Ireland is no offshore tax haven, but is among the 19 countries that use the common currency, the Euro, europa,eu. "Those tax laws and treaties are, by their nature, long and complex. When divided up between the world's 320 national and sub-national jurisdictions crossing as many as five different countries, as with the famed 'double Irish Dutch sandwich's tax avoidance structure, the possibilities of exploiting loopholes are almost limitless." Double Irish Dutch sandwich is a scheme that "involves sending profits first through one Irish company, then to a Dutch company and finally to a second Irish company headquartered in a tax haven," Investopedia. "The world's financial architecture is only tentatively starting to contemplate whether the opening of capital accounts -- and the loss of monetary independence of exchange-rate stability that inevitably results -- has been a good deal or a devil's bargain." More like Double Dutch.