Business daily

Apple set to face record tax penalty from EU

The European Commission is set to give its final decision on Apple's tax arrangements in Ireland. The investigation is expected to say that the Irish authorities gave the technology giant illegal state aid in the way its tax affairs were organised. According to reports, the amount Apple will have to repay will be the biggest ever in an EU probe of this kind. Also today, a sweet deal in the confectionery industry that turned sour.