The loophole[1] regarding tax residency allowing a company to be effectively stateless was closed a while back. That was one of the things being exploited in th

The loophole[1] regarding tax residency allowing a company to be effectively stateless was closed a while back. That was one of the things being exploited in this. The net effect, however, was that the companies in question just started using the Caymans and other similar jurisdictions. [1] This explains the loophole that was closed: http://www.pearse-trust.ie/blog/bid/102942/Changes-To-Irish-Corporate-Tax-Residence http://www.pearse-trust.ie/blog/bid/102942/Changes-To-Irish-...