How corporations use Ireland to dodge taxes

A large range of American companies stow their intellectual property in Ireland. To illustrate this, let's pretend to set up our own multinational tech firm, Big Comp. Big Comp's assets are entirely controlled by a holding company that's based in the US. It's called Big Comp Holding Company, and it has a subsidiary, Big Comp International.The subsidiary is based in Ireland, where tax rates are relatively low. Big Comp is working on a new smart device. The Irish subsidiary buys licenses for its hardware, sof ...