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April 22, 2016 10:00 pm

Apple Should Pay More Tax, Says Co-Founder Wozniak

mrspoonsi quotes a report from BCC: All companies, including Apple, should pay a 50% tax rate, Apple co-founder Steve Wozniak has told the BBC. He said he doesn't like the idea that Apple does not pay tax at the same rate he does personally. "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." When asked if Apple should pay that amount, he replied: "Every company in the world should." He said he was never 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." 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 $200 billion -- beyond the reach of U.S. tax officials. In a CBS '60 Minutes' episode, Apple CEO Steve Cook dismissed as "total political crap" the notion that the tech giant was avoiding taxes. And on a semi-related note, presidential candidate Donald Trump said in January he'd like to make Apple "start building their damn computers and things in this country instead of other countries." He said he would impose a 35% business tax on American business manufacturing outside of the U.S if elected president.

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