EU could hit Apple with multi-billion-euro tax avoidance bill

The European Commission will soon rule that Apple illegally received tax benefits from the Irish government, Financial Times reports. EU competition commissioner Margrethe Vestager reportedly circulated a 130-page ruling for official release tomorrow, concluding that Ireland’s tax deals with Apple (as well as other US companies) constituted unlawful state aid to a select group of businesses. Apple will reportedly be called on to pay back taxes that, according to anonymous sources, could to