“U.S. Treasury Secretary Jacob J. Lew is set to meet with European Union antitrust chief Margrethe Vestager as she prepares to deliver a final verdict on a probe into Apple Inc.’s tax affairs in Ireland,” Stephanie Bodoni and Aoife White report for Bloomberg.

“The showdown comes days after Vestager’s team delivered two possible scenarios on how much tax Apple owes in Ireland, according to two people familiar with the case, who asked not to be identified because the matter is private,” Bodoni and White report. “Lew has contacted Vestager urging her to avoid ordering any collection of back taxes from Apple, according to one of the people.”

“Conflict over trans-Atlantic tax practices escalated in February as Lew complained to European Commission President Jean-Claude Juncker that U.S. firms are unfair targets of state-aid investigations,” Bodoni and White report. “The Treasury Secretary’s letter came after EU enforcement focused on fiscal pacts Apple, Amazon.com Inc. and McDonald’s Corp. have with Ireland and Luxembourg. The companies all say they acted within the law.”

Read more in the full article here.

MacDailyNews Take: Apple followed the law when paying their taxes:

There was no special deal that we cut with Ireland. We simply followed the laws in the country over the 35 years that we have been in Ireland. If the question is, was there ever a ‘quid pro quo’ that we were trying to strike with the Irish government – that was never the case. We’ve always been very transparent with the Irish government that we wanted to be a good corporate citizen… If countries change the tax laws, we will abide by the new laws and we will pay taxes according to those laws. – Apple CFO Luca Maestri

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