US and EU to discuss Apple

US treasury secretary Jacob J. Lew is set to meet with EU antitrust chief Margrethe Vestager this week as she prepares to deliver a final verdict on a probe into Apple’s tax affairs in Ireland.

The showdown comes days after Ms Vestager’s team came up with 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.

Mr Lew has contacted Ms Vestager urging her to avoid ordering any collection of back taxes from Apple, according to one of the people.