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The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom ), [28] and ranks first for high-value foreign direct investment (FDI) flows. [29]
Celtic Tiger. The " Celtic Tiger " ( Irish: An Tíogar Ceilteach) is a term referring to the economy of Ireland from the mid-1990s to the late 2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn.
Foreign multinationals are the main driver of Ireland's economy, employing a quarter of the private sector workforce, and paying 80% of Irish corporate taxes. 14 of Ireland's top 20 firms (by 2017 turnover) are US-based multinationals and 80% of foreign multinationals in Ireland are from the US. Ireland is part of the EU (dark blue & light blue ...
In September 2016, Brazil became the first G20 country to "blacklist" Ireland as a tax haven. [6] Ireland's base erosion and profit shifting (BEPS) tools give some foreign corporates § Effective tax rates of 0% to 2.5% [b] on global profits re-routed to Ireland via their tax treaty network. [c] [d] Ireland's aggregate § Effective tax rates ...
e. Ireland's economic history starts at the end of the Ice Age when the first humans arrived there. Agriculture then came around 4500 BC. Iron technology came with the Celts around 350 BC. From the 12th century to the 1970s, most Irish exports went to England. During this period, Ireland's main exports were foodstuffs.
Department of Enterprise, Trade and Employment. / 53.34000°N 6.25583°W / 53.34000; -6.25583. The Department of Enterprise, Trade and Employment ( Irish: An Roinn Fiontar, Trádála agus Fostaíochta) is a department of the Government of Ireland. It is led by the Minister for Enterprise, Trade and Employment .
Analysis Rankings. In 2017 Dublin ranked 1st in Ireland by disposable income per person, at 110% of the State average.. In 2008, it was the city with the 2nd highest wages in the world, dropping to 10th place in 2009, and, according to a Brookings Institution report in 2012, had the 14th highest income per capita in the world at $55,578 (€42,960).
International Financial Services Centre, Dublin. The International Financial Services Centre ( IFSC) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and special economic zone (SEZ) on the derelict state-owned former port authority lands of the reclaimed North Wall and George's Dock areas ...
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