Apple's Irish Tax Bill May Run Into Billions of Euros
- European Commission may release ruling on Apple tax Tuesday
- Ireland vows to contest adverse Apple tax-case finding
Apple Said to Face Tax Bill Running Into the Billions
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Apple Inc. is facing a potential tax bill running into billions of euros, with the European Union poised to release a finding into the company’s dealings in Ireland as soon as Tuesday, according to people familiar with the situation.
The European Commission decision is expected to say Ireland provided the iPhone maker with illegal aid through a sweetheart deal in return for creating jobs in the nation, the people said on condition of anonymity because the details are confidential. Ireland has vowed to fight any adverse finding.