Oireachtas Joint and Select Committees
Tuesday, 4 October 2016
Committee on Budgetary Oversight
Forecasts for Budget 2017: Department of Finance
11:00 am
Mr. John McCarthy:
It could be there or it could be stateless. In an Irish context, the scenario is that a company has set up a subsidiary through the Companies Registration Office and has brought an IP, its assets and all its liabilities to Ireland. If every other country did the same thing the assets and liabilities in some other country would go to zero. We know now, however, that these are now housed in Ireland.
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