HALISTER: Apple Said Poised to Face Billions of Arrears in Irish Tax Case

Apple Said Poised to Face Billions of Arrears in Irish Tax Case

(Bloomberg) -- Apple may learn outcome of European Union’s probe into its tax arrangements with Ireland as soon as Tuesday, according to a person familiar with the situation.
  • Arrears could run into billions of euros, person says
  • European Commission decision expected to say Ireland provided the iPhone maker with illegal aid through a sweetheart deal in return for creating jobs in the nation, a person familiar with the case said on condition of anonymity because the details are confidential
  • Ireland has vowed to fight any adverse finding
  • European Commission declined to comment on a decision that’s still pending or on the timing of its announcement, Irish finance ministry, Apple decline to comment
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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