EU Economics

Nigel Farage: The EU’s Apple tax ruling is GOOD NEWS for post-Brexit Britain

NIGEL FARAGE has hailed the landmark ruling from the EU that Apple owes £11billion in back taxes to the Irish government.

On Tuesday it was announced that following a three-year investigation the European Commission had .Both Ireland and Apple have criticised the record ruling and indicated they will appeal.Mr Farage believes the EU’s decision will put off investors intending to put money into EU nations and instead provide a Brexit boom for Britain.

Speaking to talkRADIO Mr Farage said: “What this judgement from the European Commission shows is simply this: if you’re a member of the European Union, you’re not in charge of your own life.

Nigel Farage and Tim CookGETTY

Nigel Farage believes Apple’s record tax penalty could aid post-Brexit Britain

“So for post-Brexit Britain, it’s very good indeed.“I think a post-Brexit Britain should have a very competitive corporation tax rate, and be encouraging as many companies as possible to headquarter in our country.“I want a simplification of all taxation within the UK and I think that would lead to huge benefits.”

The outgoing Ukip leader said he believed both Ireland and Apple had done nothing wrong legally.

Mr Farage, who recently visited the , warned the EU aims to take control of all taxation in Europe.

Margrethe VestagerREUTERS

European Commissioner Margrethe Vestager

What retrospective taxation like this does is it puts off investors from putting money anywhere in Europe

Nigel Farage

He added: “I do think that a judgement like this says whatever deal a company things it’s got in the European Union cannot be guaranteed if at some point at a future date the rules can be changed.”In a statement, Apple criticised the decision and warned it could damage jobs.The company said: “The European Commission has launched an effort to rewrite Apple’s history in Europe, ignore Ireland’s tax laws and upend the international tax system in the process.

“Apple follows the law and pays all of the taxes we owe wherever we operate. We will appeal and we are confident the decision will be overturned.”EU official Margrethe Vestager said: “Member states cannot give tax benefits to selected companies – this is illegal under EU state aid rules.“The Commission’s investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years.”

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