On May 29, directors of Symantec Holdings Ltd decided to wind up the company, documents filed this week show. A fresh case of insolvency caused by the Covid-19 pandemic? Far from it. The declaration of solvency accompanying the voluntary liquidation papers revealed that Symantec Holdings Ltd had $8.3 billion in assets on its balance sheet. This mountain of wealth was barely dented by a grand total of $46,000 in liabilities. The reason behind the company’s liquidation is to be found elsewhere, in the continuing massive onshoring of assets to Ireland by technology multinationals. Symantec Holdings Ltd was an Irish-registered, Jersey-resident…
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