iPhone exports accounted for quarter of Irish economic growth in 2017 - IMF
Ok.. so what does Ireland PLC get out of this?
The report authors seem to say this "growth" does not fully contribute to the Irish economy ( wording it nicely?? ).
So .. is it the JOBS? If so, then the next Q asked needs to be are these APPLE jobs paying enough so the workers contribute enough to the exchequer via income tax etc?? Other threads here discuss apples short term contracts and low pay in likes of Cork?
I put EXPORT in inverted commas in the title because as per article ... "iPhones are not physically exported from Ireland"
Discuss ...
So if Apple, like this, account for a quarter of our economic growth .. how about other FDI based here? Would that "eat" further into & account for what appear to be, empty (??) economic growth figures now and into the future?Figures are based on Apple holding IP in Ireland, but IMF says iPhone sales don’t fully contribute to Irish economy
Exports of Apple’s iPhone accounted for a quarter of Ireland’s economic growth on a valued-added basis in 2017, a new study from the International Monetary Fund (IMF) reveals.
Overall, the Irish economy expanded by about 7.8 per cent in 2017, which means that iPhone sales would have accounted for a quarter of that, or about 2 per cent of overall growth.
In this respect the authors do add the caveat that the income from these smartphone sales “does not fully contribute to the Irish economy,” as the acquisition of foreign owned IP assets, “leaves domestic employment mostly unchanged”.
Ok.. so what does Ireland PLC get out of this?
The report authors seem to say this "growth" does not fully contribute to the Irish economy ( wording it nicely?? ).
So .. is it the JOBS? If so, then the next Q asked needs to be are these APPLE jobs paying enough so the workers contribute enough to the exchequer via income tax etc?? Other threads here discuss apples short term contracts and low pay in likes of Cork?
I put EXPORT in inverted commas in the title because as per article ... "iPhones are not physically exported from Ireland"
Discuss ...
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