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The State in Busines
State Owned Companies, TNC's
Term | Definition |
---|---|
Examples of State Owned Companies | CIE, Bord Gáis, Electric Ireland |
Benefits of State Involvement | Increased Employment, Produces more vital services, Promotes development |
Indigenous firm | Irish owned business |
MNC's | Multinational Companies |
Reasons the State want MNC's | Increased Revenue, Job Creation, Less Imports, Improved Commercial Life |
Corporation Tax | Tax on a Companies profits, 12.5% |
TNC | Transnational Companies |