Elon Musk Likens Apple Pay to 30% Tax On Internet

    Elon Musk likened Apple Inc. and its Apple Pay to the equivalent of a “30% tax on the Internet” and said the fee is “10 times higher than it should be.”
    By: BLOOMBERG
    | Updated on: May 04 2022, 08:37 PM IST
    Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the
    Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on Monday. (Evan Agostini/Invision/AP)
    Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the
    Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on Monday. (Evan Agostini/Invision/AP)

    Elon Musk likened Apple Inc. and its Apple Pay to the equivalent of a “30% tax on the Internet” and said the fee is “10 times higher than it should be,” in a series of tweets responding to an article about the European Union’s latest antitrust complaint against the tech giant. 

    Musk’s former company PayPal Holdings Inc. was instrumental in getting the antitrust suit against Apple to proceed after they raised concerns about the tech giant’s payment system with the European Commission. 

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    First Published Date: 04 May, 08:37 PM IST
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