Apple's EU Tax Bill 'Shows The Wisdom Of Brexit'

Spectator noted that for years, Ireland hoped to attract international investments with the lowest tax rate on the continent — 12.5 percent. The EU has spent years trying to stop this, but the "pressure from Brussels has been matched by the Irish determination to resist."

Ireland has now not only lost the battle, but the EU has found a way to undermine the country's low-tax formula that served as the "foundation" for its competitiveness.

Related Link: Tim Cook Says "Ireland Is Being Picked On," Tax Bill Is "Total Political Crap"

The EU is also sending a clear message to American companies looking to make Ireland a "stepping stone" to EU markets: No one company is safe in any member state.

"Like Britain, the country has adopted an open approach to the global economy, encouraging wealth creation and agreeing deals with American companies which prefer single taxation to double taxation and use Ireland as a stepping stone to EU markets," Spectator reported. "Like Britain, Ireland prides itself on offering low tax and a stable legal environment — yet the country now finds the EU is taking a wrecking ball to both."

'Clear Opportunity For Britain'

Spectator continued that the Irish debacle creates a "clear opportunity for Britain."

British Prime Minister Theresa May already declared Britain as "open for business" and is also free of the overreaching arms of the EU. By contrast, the EU appears to be working on a reputation for "unpredictable and retro-spective tax raids."

The "erratic and probably illegal" actions taken by the EU merely "underlines the concerns shared by so many" that the EU itself is "spiraling out of control."

"Britain has chosen a different path and Theresa May's government now has an enviable opportunity to make this clear," the reporter concluded.

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