The new scheme is called “Capital Allowances for Intangible Assets”, and in practice it’s the same as “Double Irish with a Dutch Sandwich”. They were both very

The new scheme is called “Capital Allowances for Intangible Assets”, and in practice it’s the same as “Double Irish with a Dutch Sandwich”. They were both very intentionally put in place by the Irish government, to allow (mostly) giant US firms to pay nearly zero tax on non-US profits, as long as they open Irish offices and employ a decent number of Irish people. The closing of the Double Irish tax evasion scheme is indeed largely useless, as Ireland ensured that there’s a good replacement. They don’t want to lose the jobs that come with these tax evasion schemes.