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El Reg reports
Steve Wozniak has spoken out against Apple's tax affairs, saying all companies ought to pay 50 per cent in taxes.
Speaking to BBC Radio 5 Live he said: "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 per cent of anything I make in taxes and I believe that's part of life and you should do it."
Asked if Apple should pay that amount, he replied: "Every company in the world should."
According to Woz, money was never a factor when he started the biz with Steve Jobs 40 years ago. He added: "Steve Jobs started Apple Computers for money, that was his big thing and that was extremely important and critical and good."
Europe is currently scrutinising Ireland's tax arrangements with Apple over an alleged sweetheart deal with the company. Some have speculated the probe could lead to Apple paying $8bn in back taxes, even though the case is against the Irish government.
(Score: 4, Informative) by ikanreed on Monday April 25 2016, @07:16PM
Not that I'm so naive as to not see the obvious economic costs, but taxing corporate net income higher incentives paying out to investors in par value, rather than dividends. In an economy like ours that actually incentivizes investment. Buy more, build more, hire more, to build value.
I could be missing something crucial, especially in an international market, and of course accountants and lawyers spend all day trying to make all tax law moot, so I have no idea if it'd work, even if the theoretical side I just suggested was accurate.