2012 the IFSC celebrated its 25th year as one of the world's leading financial services centres. The importance of the International Financial Services Centre to the Irish economy is indisputable. It has become one of the leading hedge fund service centres in Europe, and many of the world's most important financial institutions have a presence here. They employ an estimated 32,700 people and pay about €1 billion in corporate taxes each year, with a further €1 billion going to the exchequer in payroll taxes..