European Ruling against Apple and Ireland Vindicates Brexit

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The European Union has shown itself to be a compulsory tax cartel.

 writes: Taxation is bad enough: two consenting parties arrange a mutually-beneficial exchange, and an interloping third party demands a cut.

What compounded injustice then for a fourth party to enter the scene: a super-state/super-bandit who insists that the shakedown wasn’t big enough. No, the victim must hand over more to the lesser thief, even against the recipient’s will and in spite of his protest!

Tim Cook

Thou Shalt Not… Not Steal

Ireland must join the rest of the Union in bleeding the private sector dry.

That is what happened today when the European Commission slapped Apple Inc. with a $14.5 billion bill for back taxes, ruling that Ireland had violated European Union rules by taxing the tech company at too low a rate.

[Read the full story here, at Foundation for Economic Education]

But the Irish government doesn’t want the money! It had promised the low rates decades ago to entice Apple to set up and keep shop in Ireland, bringing the struggling country desperately needed jobs and economic growth. Irish officials are worried that if they renege on that deal, they will risk driving off the geese that lay the golden eggs: Apple, and other businesses as well.

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But no, insists the European super-state: sustainably prudent parasitism is not an option. The Irish government must join the rest of the Union in recklessly bleeding its private sector hosts dry until the whole system collapses under its own dead weight.

The Grass Really Is Greener

This underscores why it was wise for the British to vote to leave the EU, why it makes sense that the post-Brexit UK economy is on the uptick, and why it would be smart for…(read more)

Source: Foundation for Economic Education

Dan Sanchez is the Digital Content Manager and Managing Editor at FEE, developing educational and inspiring content for FEE.org, including articles, ebooks, and courses. His writings are collected at DanSanchez.me.


One Comment on “European Ruling against Apple and Ireland Vindicates Brexit”

  1. […] via European Ruling against Apple and Ireland Vindicates Brexit — pundit from another planet […]


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