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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: 1, Interesting) by Anonymous Coward on Monday April 25 2016, @08:09PM
After World War 2, there was a graduated tax on wealthy individuals as well as corporations. Those people at the very top were paying ~90% taxes.
Not really. The nominal rate was indeed 91%. But the effective rate was drastically less because the tax code was riddled with loopholes. [bloombergview.com] The effective rate being closer to 50% and that only applied to couples earning $400K/yr which is roughly $3.4M/yr in today's dollars.
(Score: 4, Funny) by wonkey_monkey on Monday April 25 2016, @08:37PM
because the tax code was riddled with loopholes
Hah. "Was," he says.
systemd is Roko's Basilisk
(Score: 1, Interesting) by Anonymous Coward on Monday April 25 2016, @09:05PM
One of the things Reagan got right was shutting down most loopholes. [nytimes.com] But there was not enough political will to maintain that state so gradually new loopholes were inserted until most of what he did was undone.