Apple boss pays ?148m to settle tax bill

Apple boss pays ?148m to settle tax bill

Stock options attract massive levy

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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