(Business Insider) The European Commission is expected to levy a judgment against Apple in the next few months that could total in the billions of euros.
JPMorgan has estimated that Apple could be on the hook for as much as $19 billion — or about 17 billion euros — the Financial Times reports.
The commission is accusing Apple of striking a sweetheart tax deal with Ireland, in which the iPhone maker would move its profits to wholly owned Irish subsidiaries to reduce its corporate taxes.