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I hear the standard practice is to have the IP of the poem owned by a foreign entity(Ireland is pretty popular) and then for the US entity to pay a royalty of
by arunabha 2y ago
I hear the standard practice is to have the IP of the poem owned by a foreign entity(Ireland is pretty popular) and then for the US entity to pay a royalty of $50 trillion to the foreign entity so that the net revenue in the US is zero.
I believe it has it's own name - The double Irish.
- ummonk 2y agoYeah but then that only contributes to the GDP of Ireland, not the US. Not coincidentally, Ireland has one of the highest GDP per capita in the world.
- lotsofpulp 2y agoThis only works within the European Union because the EU rules allow it. It would not work between the US and Ireland.