Gerry Horkan (Fianna Fail) | Oireachtas source

Some maintain this would decimate our revenue in respect of the corporation tax take of €7 billion or €7.5 billion. If one considers the sales element for the aforementioned 50 companies, it is obvious that most of the sales are not being made in Ireland. Significantly, the multinational companies are in Ireland to be part of the EU. In some cases they are selling outside the EU as well. The staff, including labour and payroll, could be or may not be a major part of it. Let us consider the location of the assets. Many assets of companies nowadays include brand names, intangible assets, intellectual property and so on. Could companies relocate assets in or out of countries relatively easily? It is not all plant, equipment and vehicles and so on.