30-08-2016 01:46 via news.yahoo.com

EU ruling expected Tuesday on possible fines for Apple: sources

The EU is expected to announce on Tuesday its decision on possible fines against American tech giant Apple, which is suspected of receiving preferential treatment from Ireland on taxes, sources said. For weeks reports have emerged saying that the European Commission, the bloc's competition watchdog, was gearing up to hit Apple with a hefty penalty over tax agreements with the Irish government. Under European Union rules, which deem state tax aid illegal, the firm could be ordered to pay back tax
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