Ireland is set to receive a €14 billion windfall following a landmark ruling by the Court of Justice of the European Union last week.
This means Apple must now repay Ireland billions in back taxes, in a legal case which both the Irish Government and computing giant fiercely contested.
However, following last week’s ruling, the Coalition leaders and finance ministers met on Tuesday and agreed the windfall should be spent on State infrastructure - housing, roads, and water supply.
At a Fine Gael parliamentary party meeting, Taoiseach Simon Harris told colleagues the "principles and parameters" on how the fund will be allocated will be set out on Budget Day.
He also added that it was "completely wrong" to suggest the windfall could have been collected by the State prior to last week’s court ruling.
The Taoiseach has since declared that the monumental sum will be spent on "infrastructure and investments which can improve our future."
Outlining a meeting with the Coalition leaders along with Finance Minister Jack Chambers and Public Expenditure Minister Paschal Donohoe, the government set out how the budget will utilize €1.8bn in additional expenditure and a €1.4bn tax package.
The party leader added that this year’s tax package will follow suit with last year’s, which saw the entry point to the top level of tax increase along with cuts to the USC [Universal Social Charge].
Mr. Harris also confirmed the cost of living package will be paid prior to the Christmas period, which includes lump sum payments of social welfare and education supports.
Additionally, there will be a major infrastructure package to tackle housing demands.
Issues regarding childcare, school transport, road infrastructure, healthcare, farming, and VAT were also raised by TDs and senators.
*This article was originally published on Extra.ie.
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