Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will tell the Deputy what he and his relative will need to do in order to be consistent with the world of transfer pricing that we are talking about. The good idea that the Deputy's family member comes up with will need to be registered and they will need to have a patent. It will need to be properly valued. They will probably need to employ an accountant to do that. I hope that will not offend the Deputy's socialist ethos too much. The accountant will value the idea. If the Deputy wants to use that idea, the option is open to him to license it from the person who owns it. He or she will probably not want to give it to the Deputy, having come up with the idea, but perhaps he or she will be happy to talk to the Deputy about a licensing agreement in relation to it. In return for that licensing agreement, the Deputy will pay royalties back to that person. As the Deputy is aware, those royalties are a business expense for tax purposes. The good news is-----