David McWilliams

So I'll just give you one interesting... We need to be more resilient.

We need to be more... We need more biodiversity, right?

I'll give you just one small example.

To replace, I said the Americans would probably end up giving us about 30 billion in taxes next year, but last year they gave us 24 billion.

So to replace that, just imagine replacing that, right?

So what you want is lots of small companies, which will eventually become big companies.

But if you wanted to replace the amount of money that the Americans are giving us every year.

Yeah, it'll certainly diminish at a certain level.

What would we have to be doing here to generate the same sort of tax to actually fill the hole in the government's balance sheet?

So if you take a small Irish company, let's say making a profit of half a million a year, so that's quite healthy, right?

Mm-hmm.

At the rate of corporation tax, which is 12.5%, that company would pay €62,000 per year in corporation tax.

Now, to replace the €24 billion,

paid by the multinationals, you would need 384,000 new Irish companies generating half a million per year.

Half a million profit.

Profit, not in revenue, to replace the Americans.

380,000 healthy companies.

How many are we at the moment, roughly?

So there are 310,000 companies in the entire country.

Right.