Mr. Niall Cody:

Companies in the pharmaceuticals, life sciences and technology sectors have been attracted in by the IDA over the years. They have invested huge amounts of money in the State and are huge employers. In the context of our corporation tax reports over the last number of years, we have also highlighted the income tax, that is PAYE and PRSI, paid by the employees of those companies. It is well known that the levels of pay are very strong and the proportion of income tax, through PAYE and PRSI, from the multinational sector is very strong as well, which adds to that concentration of tax that we receive from the large companies.