Martin Kenny (Sligo-Leitrim, Sinn Fein) | Oireachtas source

The issue I wish to raise is company or corporate ownership and corporate residency. The legislation refers to a person and persons but, as the Minister said, in many cases companies own these vessels. My understanding is that a company must be resident somewhere and pay tax somewhere. If it is resident somewhere, that location must be on the island of Ireland and it must pay its taxes on the island of Ireland. That goes to the core of this matter. One could then consider the majority ownership of a company. If six people are the joint owners of a company and four of them live on the island of Ireland and two of them live on the Continent, what would be the position? We must get to the nub of that because it relates to the issue we are discussing.

See this speech in context