Multinational Corporations’ Profits.

Tuesday, 27 April 2004

Questions (119)

Joe Higgins

Question:

176 Mr. J. Higgins asked the Taoiseach the amount of profits repatriated by multinational corporations here for each year from 2000 to the latest date in 2004 for which figures are available; and if he will make a statement on the matter. [11857/04]

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Written answers

Minister of State at the Department of the Taoiseach (Ms Hanafin)

The best statistical indicator of the amount of profits repatriated by multinational corporations in the State is the direct investment income on equity debit figure in the balance of payments release published by the Central Statistics Office each quarter. The following tables show the annual and quarterly outflows for the years 2000-03. Data for the first quarter of 2004 are not available yet but are due to be published by the end of June this year.

Table 1 Direct Investment Income on Equity Debits

Year	Amount €m
2003	29,963
2002	31,739
2001	25,407
2000	22,298

Table 2 Direct Investment Income on Equity Debits

Quarter	Amount €m
2003 Q4	7,703
2003 Q3	7,468
2003 Q2	7,632
2003 Q1	7,160
2002 Q4	8,405
2002 Q3	7,940
2002 Q2	7,982
2002 Q1	7,412
2001 Q4	6,481
2001 Q3	6,370
2001 Q2	6,711
2001 Q1	5,845
2000 Q4	6,067
2000 Q3	6,333
2000 Q2	5,062
2000 Q1	4,836