Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We have seen in the newspapers today that a company can be established with no employees but which provides loans to a company in Ireland - the location of the parent company - and this facilitates a write-down of tax. It will be deemed as permanently established in another jurisdiction despite the fact it has no operation or employees there. How can a company be run without employees? Those four companies have no employees. This rule means we will turn a blind eye to what was done in the past and it will only apply to companies established in future, no matter how blatant it is that this was for tax purposes in the first place.