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"Rodelis reveals almost no information about itself, such as the names of its executives, directors or investors, on its web page. It operates out of Alpharetta

"Rodelis reveals almost no information about itself, such as the names of its executives, directors or investors, on its web page. It operates out of Alpharetta, Ga., though the Chao Center’s statement said it was based in Dublin." They sound a lot like a patent troll.

markvdb 11y ago
...with their fiscal headquarters in a tax haven. Dublin? Smells of double Irish and similar fiscal constructions...
- Scoundreller 11y ago
  This isn't unusual for a pharma company, or any other big company for that matter. Transfer/keep/develop the IP in a low-tax jurisdiction and then have their US/Canadian/whatever division pay a licensing fee to the corp in that low-tax jurisdiction.
anigbrowl 11y ago
As an Irish citizen I once again have to apologize for my erstwhile government's perpetuation of this chicanery. The country is becoming the European equivalent of Delaware.
- saryant 11y ago
  Companies don't incorporate in Delaware for tax benefits, they do it for the well-understood legal system around business law and predictable courts.
  - Scoundreller 11y ago
    >well-understood legal system around business law and predictable courts. I think Ireland has these as well. Laws and rulings will be in English, so American execs can easily grok what's going on without having to get pesky translations.
  - dankohn1 11y ago
    Actually, there's a decent argument that Delaware (and Ireland) act as parasites toward their neighbors. http://www.newrepublic.com/article/politics/rogue-state http://www.newrepublic.com/article/politics/rogue-state
  - anigbrowl 11y ago
    I was thinking of how credit card companies incorporate in Delaware because there are no restrictions on interest rates, and how other firms set up shop there because Delaware business law allows for ownership to be quite opaque, in a way that's not tolerated when other countries offer it, eg http://www.economist.com/news/leaders/21571873-how-stop-companies-and-people-dodging-tax-delaware-well-grand-cayman-missing-20 http://www.economist.com/news/leaders/21571873-how-stop-comp... So I do think it's about 50% what you say and 50% policy.

markvdb 11y ago

...with their fiscal headquarters in a tax haven. Dublin? Smells of double Irish and similar fiscal constructions...

Scoundreller 11y ago
This isn't unusual for a pharma company, or any other big company for that matter. Transfer/keep/develop the IP in a low-tax jurisdiction and then have their US/Canadian/whatever division pay a licensing fee to the corp in that low-tax jurisdiction.

anigbrowl 11y ago

As an Irish citizen I once again have to apologize for my erstwhile government's perpetuation of this chicanery. The country is becoming the European equivalent of Delaware.

saryant 11y ago
Companies don't incorporate in Delaware for tax benefits, they do it for the well-understood legal system around business law and predictable courts.
- Scoundreller 11y ago
  >well-understood legal system around business law and predictable courts. I think Ireland has these as well. Laws and rulings will be in English, so American execs can easily grok what's going on without having to get pesky translations.
- dankohn1 11y ago
  Actually, there's a decent argument that Delaware (and Ireland) act as parasites toward their neighbors. http://www.newrepublic.com/article/politics/rogue-state http://www.newrepublic.com/article/politics/rogue-state
- anigbrowl 11y ago
  I was thinking of how credit card companies incorporate in Delaware because there are no restrictions on interest rates, and how other firms set up shop there because Delaware business law allows for ownership to be quite opaque, in a way that's not tolerated when other countries offer it, eg http://www.economist.com/news/leaders/21571873-how-stop-companies-and-people-dodging-tax-delaware-well-grand-cayman-missing-20 http://www.economist.com/news/leaders/21571873-how-stop-comp... So I do think it's about 50% what you say and 50% policy.