Apple should pay more tax says Wozniak

The co-founder of Apple, Steve Wozniak, has told the BBC that he thinks Apple should pay the same 50 per cent tax rate that he himself pays.

This comes after recent criticism of tech giants Apple, Amazon and Google, who have been accused of not paying the amount of tax they should be paying. At the time of writing, the company is under investigation by the European Commission over allegations that tax shelters in Ireland and Luxembourg have been used to protect some of Apple’s revenue.

There is reportedly $200bn in offshore cash reserves built up by Apple, currently, and this money cannot be touched by US tax officials.

“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.”

In his response to being asked if Apple should pay a rate of 50 per cent, Wozniak said that “every company in the world should”.

Apple was founded 40 years ago by Wozniak, Steve Jobs and Ronald Wayne, and has gone on to become the world’s most valuable business, worth an estimated $600bn.