Cash for kids
Income tax bands will be raised sharply to prune €1.6 billion from payslip deductions, particularly for workers earning less than €44,000 a year, in a system that already taxes lower-paid workers little by international norms.
Chambers said the changes would mean workers earning less than €20,000 would pay no income tax at all.
Simultaneously, the national minimum wage will be hiked by 6 percent to €13.50 an hour, or €27,400 a year for a fulltime worker — the second-highest in the EU behind Luxembourg.
To soften the blow from Ireland’s EU-leading property prices and rents, tax write-offs on rent payments will be increased, while two programs for subsidizing the eye-watering price tag of property will be extended.
The budget for the state’s Land Development Agency will be raised 25 percent to €6.25 billion to boost supply in a market where private developers complain costs are already too high to build apartments at affordable prices.
Chambers said Ireland would spend €3 billion more than previously planned on infrastructure projects in 2025. This would be financed not by the Apple back taxes but a different windfall: the sale of shares in Ireland’s second-largest bank, AIB, following its state bailout and nationalization in 2010.
Chambers said the sovereign wealth funds — one earmarked for infrastructure, the other for environmental projects — would grow to more than €16 billion next year, much of it coming from Apple. “Protecting and nurturing” these investment reserves would be essential to secure Ireland in what he called “a more shock-prone world.”
“While we cannot prevent external shocks,” he said, “we can ensure we are on the best possible footing when they do occur.”
 "Why is it so difficult to lose weight? ‘Fat cells’ may be the reason – Firstpost")
