Ireland needs to start facing down the ‘tax haven’ taunts

The contribution of US multinational companies to the Irish economy is immense. 

There are around 1,000 US companies with operations here, and they provide around 100,000 direct jobs.

Each year, these companies pay €6bn in wages to Irish employees, spend €3bn on fixed capital, and, up to 2014, contributed €2bn in corporation tax to the Exchequer. That is €11bn a year, every year.