UPDATE: Apple (AAPL) May Face Billions of Arrears in Irish Tax Case - Bloomberg

August 29, 2016 1:26 PM EDT

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(Updated - August 29, 2016 1:45 PM EDT)

Apple (NASDAQ: AAPL) may learn the outcome of the EU's probe into tax arrangements with Ireland as soon as Tuesday, according to Bloomberg, citing people familiar with the situation. Arrears could run into the billions of euros, the person said.

The EU decision is expected to say Ireland provided Apple with illegal aid through a sweetheart deal in return for creating jobs.

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