Mick Wallace (Wexford, Independent) | Oireachtas source

Nobody is saying there should not be unlimited companies. There is a choice, which is fine. We are talking about unlimited companies that are not really unlimited but have the protection of limited companies. There is a cloak, and nobody knows where the company is in a financial sense. These companies may not be unlimited as they engage limited shareholdings offshore. They become limited companies, enjoying the best of both worlds.