Dublin Opinion » Blog Archive » FOREIGN ENTERPRISE IN IRELAND: SOME FIGURES

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Dublin Opinion » Blog Archive » FOREIGN ENTERPRISE IN IRELAND: SOME FIGURES

Ireland’s economic model is to have IDA-supported foreign companies which provide €2.8 billion in tax revenue, and €19.149 billion in wages and local service/produce purchases – which together equate to 12 per cent of GDP or 14.2 per cent of GNP.

We’re not borrowing to pay for social welfare, we’re borrowing to keep corporation tax from IDA-supported companies at 2.8 billion euro, and to have one of the most open economies in the world produce an export sector that’s worth around €22 billion to an economy which on paper in 2008 had a GDP of €181 billion and an GNP of €154 billion.

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Donagh is the editor of Irish Left Review. Contact Donagh through email: dublinopinionAtgmail.com