By Noel Young

The European Union’s antitrust regulator is expected to rule as soon as today (Tuesday) that Apple’s tax arrangements with Ireland have breached the EU state-aid rules.

The Wall Street Journal reports that analysts expect the commission to require Apple to pay back anywhere between $200 million and as much as $19 billion. Reuters said Dublin would be told to recoup over 1 billion euros in back taxes.

The EU decision is likely to aggravate trans-Atlantic tensions over the investigations into tax deals brokered between U.S. multinational corporations and individual European countries, said the Journal. Washington has said the probes Read full story ›

Source: The Drum