APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT

APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT

94
0
SHARE
27 Jan 2010, SAN FRANCISCO, CA, United States --- Apple Chief Executive Officer Steve Jobs stands beneath a photograph of him and Apple-co founder Steve Wozniak from the early days of Apple during the launch of Apple's new "iPad" tablet computing device in San Francisco, California, January 27, 2010. REUTERS/Kimberly White (UNITED STATES - Tags: SCI TECH BUSINESS) --- Image by © KIMBERLY WHITE/Reuters/Corbis

APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT

– Apple Boss, Woznaik Wants Apple to Pay More Tax

– He Claims He Pays More Tax than “Unfair” Apple

 APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT
Steve Woznaik

APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT

Apple Co-founder Steve Wozniak has said all companies, including Apple, should pay a 50% tax rate.

He claimed he is against the idea that the rate at which Apple pays tax is low to the rate at which he personally does.

The company, as well as Google and Amazon are presently the subject of a European Commission tax inquiry. The three companies however have been condemned for not paying enough in tax.

Wozniak, who left Apple in 1985, was also uncertain at the viewpoint of the UK leaving the European Union.

Popularly known as Woz, he founded Apple together with Steve Jobs and Ronald Wayne 40 years ago. The establishment, worth around $600bn, has developed to become one of the most valuable businesses in the world.

He told BBC Radio 5 live, “I don’t like the idea that Apple might be unfair – not paying taxes the way I do as a person.”

“I do a lot of work, I do a lot of travel and I pay over 50% of anything I make in taxes and I believe that’s part of life and you should do it.”

APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT

When asked if Apple should pay that amount, he replied, “Every company in the world should.”

 APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT
Apple Products

Following Woznaik, he denied being interested in money, unlike his former partner Steve Jobs. “Steve Jobs started Apple Computers for money, that was his big thing and that was extremely important and critical and good.”

YOU SHOULD READ THIS:  AMIR KHAN CAN BEAT SAUL ALVAREZ, LENNOX LEWIS TIPS

“Apple channels much of its business in Europe through a subsidiary in the Republic of Ireland, which has a corporation tax rate of 12.5% compared to the UK’s 20%.”

“In the US it’s 35%, but three years ago the company admitted two of its Irish subsidiaries pay a rate of 2%. It has built up offshore cash reserves of around $200bn – beyond the reach of US tax officials.”

 APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT
Steve Jobs

“Tax avoidance has been brought back into focus by the recent Panama Papers revelations.” BBC published.

Mr Wozniak said, “We didn’t think we’d be figuring out how to go off to the Bahamas and have special accounts like people do to try to hide their money.”

“But you know, on the other hand I look back any company that is a public company, its shareholders are going to force it to be as profitable as possible and that means financial people studying all the laws of the world and figuring out all the schemes that work that are technically legal. They’re technically legal and it bothers me and I would not live my life that way.”

APPLE CO-FOUNDER SLAMS COMPANY, OTHERS OVER LOW TAX PAYMENT