Prospect: Post-Brexit Britain and Ireland

prospect: In the wake of the European commission ruling that Ireland must reclaim €13bn plus interest in taxes from Apple, there is a good deal of excitement at the prospect of a post-Brexit Britain replacing its smaller neighbour in the affections of tax-shy global corporations, according to The Guardian. As the Daily Telegraph put it in an editorial: If Ireland and the EU do not want a huge, wealth-creating firm doing business in their territory, Apple will be very welcome in the UK. Welcome, that is, to use the UK as it has previously used Ireland – as a compliant state that will look the other way while vast profits pass through, untaxed. But it seems that a much colder island far to the north might also wish to be called New Ireland – the island formerly known as Great Britain. It is, on the surface, an appealing prospect. And the same is broadly true in other areas such as pharmaceuticals and medical devices. You only have to walk around Dublin or Cork to see that Ireland tax regime has been a honeypot for all the hottest digital corporations – not just the long-established ones like Apple, Microsoft and Intel but the entire new wave of internet behemoths: Google, Facebook, Twitter and so on. (news.financializer.com). As reported in the news.