29.5 million? Oh woe, woe is us. Where on earth will we find it? The thing is, most of those companies weren’t paying any tax here either. The Dutch sandwich bit is where it all escapes to some tax haven through the Netherlands or Luxembourg having been washed in Ireland.
It makes sense. Corporate bonds are yielding about 1% at the minute and can be converted into cash at short notice. Cash would need to be lodged with the ECB which is paying 0.25%. If Ireland does win/lose the eventual case the extra cash from bond coupon will be turned over to the Irish state.