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EU: Regulators to rule on Apple tax affairs by Christmas

By  |  November 9, 2015

European Union regulators are expected to rule by the end of the year on whether Apple Inc. has benefited from illegal tax sweeteners in Europe, Ireland’s finance minister Michael Noonan said Monday.

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    “We’re expecting an adjudication on Apple maybe in the next few weeks, but certainly between now and Christmas,” Mr. Noonan told reporters on his way into a meeting of euro zone finance ministers.

    Apple is one of several multinationals whose European tax affairs are being formally examined by EU antitrust regulators, amid concerns that they were granted sweetheart deals that gave them an illegal advantage over other companies. EU law prohibits governments from supporting some companies and not others.

    Full content: Cult of Mac

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