Reports out of Europe indicate that the European Commission is poised to launch a formal investigation tomorrow into Apple's so-called Ireland tax haven.
Specifically, Apple's tax arrangements in Ireland will be under the microscope, Reuters reported within the hour.
The EU's competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland.
All told, this latest prospective investigation follows months of domestic chatter regarding Apple's overseas financial holdings. Although no one is accusing Apple of illicit or illegal wrongdoing, U.S. Senator Carl Levin called Apple's Irish antics "the Holy Grail of tax avoidance."