Apple €13bn tax bill is great news for post-Brexit Britain, says Nigel Farage

Apple tax bill: 'It puts off investors from putting money anywhere in Europe, so for post-Brexit Britain, it’s very good indeed', says Nigel Farage

Nigel Farage believes the Apple tax bill will be good for Britain

Tuesday, August 30, 2016

Nigel Farage has said the Apple tax bill will deter investors from investing money within the European Union, and thus will be good for Britain.

The European Commission has ruled that Apple owes €13 billion in back taxes to the Irish government. Both Apple and the Irish government have announced they will appeal against the ruling, which comes after a three-year investigation.

Ireland enabled the company to effectively pay a corporate tax rate of no more than 1%, the commission claimed.

Farage, the former leader of Ukip and a figurehead of the pro-Brexit movement before Britain's referendum on June 23, said: “What this judgment today 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.

“What retrospective taxation like this does is it puts off investors from putting money anywhere in Europe, 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 mass simplification of all taxation within the UK and I think that would lead to huge benefits."

Farage continued by saying that “ultimately the European Union would like to take control of all taxation, and would like to have one uniform corporation tax rate and indeed income tax rate for the whole of Europe.

“I do think that a judgment like this says whatever deal a company thinks it’s got in the European Union cannot be guaranteed, if at some point at a future date the rules can be changed."

Listen to the full interview to find out more