Amid the controversy following the EU's ruling on Apple's tax affairs, concerns have been raised about whether Ireland might be heading for an exit from the European Union.
Experts and analysts were left reeling at the enormity of the 13 billion euro ($14.5 billion) penalty which some accused of impeding on the sovereignty of the nation. Some went so far as suggesting that Ireland could soon be following the U.K.'s example and hold a referendum on leaving the EU.
"We've had Brexit already and will this lead to Ireland again, they've done it twice before - don't forget the Lisbon Treaty in 2007/2008 - will they again lead to the threats of job cuts in Ireland ... could this lead to another vote on the EU inclusion?" Neil Campling, a senior vice-president and head of global TMT research at asset management firm Northern Trust Securities, told CNBC Tuesday.
"This could just be a tipping point for many other things to come."