On Wednesday, Reuters (NYSE:$TRI) reported, citing an undisclosed source, that the United States plans to mediate on Apple Inc.’s (NASDAQ:$AAPL) behalf in its feud with the European Union over its ruling that the California-based company has to pay back 13 billion euros ($14.8 billion) in back taxes to Ireland.
“I can confirm the United States filed an application with the European Union General Court to intervene in the case involving the retroactive application of state aid rules to Apple,” said the unnamed source.
As of right now, the Trump administration has not publicly commented on the issue.
Apple first appealed the ruling to the Eurozone’s second-highest court in Luxembourg in December, and, according to another Reuters source, the case is scheduled for late 2018.
On Wednesday morning, Apple’s shares increased 0.3% to $143.86.
Featured Image: twitter
