Former UKIP leader Nigel Farage writes on The Irish Times:
While Ireland can keep a veto on its tax rate of 12.5 per cent – something which attracts and retains a lot of investment in Ireland – the Government would then freely choose whether to live with a smaller corporate tax take or to increase its corporate tax rate to bring in the same level of revenue.
If it decides (with its back pushed against a wall by the EU) to increase its corporate tax rate then Ireland’s competitive advantage in Europe is destroyed, multinational corporations would leave and jobs would be lost – all as a consequence of EU membership.
So if you think the EU’s Apple judgement was bad, you ain’t seen nothing yet.
When the EU destroys your corporate tax regime, you will realise, you are better off out of the EU’s failing political union.