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It has generated new businesses and livelihoods in the region and generates tax revenue for the government.
And like the Irish government's grants and tax breaks for mainstream industries, the exemption gives stallion owners a reason to keep their horses in Ireland, which in turn generates tax revenues by stimulating other businesses.
In countries where most of the workforce has an upper secondary education (ie, most industrialised countries), a college or university qualification gives recipients extra earning power and generates tax revenues for the country in which they work.
Although its share of gross domestic product (GDP) has declined from more than two-fifths in 1964 to less than one-fifth in the early 21st century—agriculture supplies the manufacturing sector with raw materials and generates tax revenue and foreign exchange that support the rest of the economy.
Exercising options takes money, and generates tax to boot.
In particular government must cut back on public investment in infrastructure that creates jobs, generates tax revenues (through the 'multiplier') and helps the economy recover, so that debts can be repaid.
Similar(54)
"My husband works and he generates taxes, but those taxes never make it to where they should.
"Small six-acre centers don't generate tax ratables to warrant them.
But this is a policy that would generate tax income, she says.
Poor wage competitiveness makes it harder for them to grow quickly and to generate tax revenue.
A new tenant would also generate tax revenue for the town, because the nonprofit museum pays no taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com