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    Apple boss pays ?148m to settle tax bill

    Apple boss pays ?148m to settle tax bill

    Stock options attract massive levy

    Author Date published March 29, 2006 Categories

    Apple boss Steve Jobs

    Steve Jobs, the chairman of iconic computer company Apple, has paid the US
    taxman $300m (?148m) after he was awarded about ten million Apple shares.

    Almost half of those shares were withheld by Apple so that Jobs could pay the
    tax bill, filings with the Securities & Exchange Commission have revealed.

    He is still left with a 5.4 million-share stake in Apple worth about $323m
    and 120,000 fully vested share options received in 1997.

    Jobs co-founded Apple in 1976 and is estimated to be worth more than $4bn.

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