Catherine Connolly (Galway West, Independent) | Oireachtas source

Mr. Keegan presented a paper this morning and updated us. He was a fairly neutral person when he set out, taking ASI as an example, that the ruling allowed a split of the profits recognised by ASI in Ireland. The majority of profits were allocated to a head office within ASI with the remainder and so on, and Irish corporation tax was applied to the profits of the Irish branch. The head office was not tax resident in any country, including Ireland or the US, did not have any employees or premises in Ireland and was therefore not assessed. That is factual. Does Mr. Cody accept that is fact?