The fact that everyone views it as normal for the US to endorse global tax laws is pretty frightening
Apple wins (lower taxes). Ireland wins (free income from a random corp). America loses (loses tax dollars to invest in infrastructure, education, etc).
If you want to look at a case of aggressive US extraterritorialism, FATCA is a lot more egregious.
If anyone tried to enforce things like this on the US we'd be having a press conference with some general explaining that attacks on our sovereignty will have consequences.