Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Mr. Martin Shanahan:

It depends on the imperative, and the imperative for successive Governments has been to create employment for the citizens of the State. One could judge foreign direct investment in a number of ways, for example, based both on employment and on the number of investments, as we do. It could be judged on the value of those investments. I am not quite sure whether tax take is an accurate metric for foreign direct investment in that I have not seen it done anywhere else nor am I aware that it is done anywhere else. I have seen number and capital value of investments and employment used elsewhere.