Elon Musk is going to discuss with Tim Cook the possibility of revising Apple’s tax on iOS purchases. The billionaire wrote about this in his post on the X platform.
Currently, Apple takes a 30% tax on all internal iOS purchases, including subscriptions that authors sell through Twitter or X. Instead, Elon Musk wants Apple to take a 30% tax on the portion of payments that X keeps.
“Apple does take 30%, but I will speak with Tim Cook and see if that can be adjusted to be just 30% of what 𝕏 keeps in order to maximize what creators receive.” he wrote.
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— Elon Musk (@elonmusk) August 2, 2023
Elon Musk also added that X is changing the way authors receive deductions. Instead of taking authors 10% of subscription revenue after 12 months, the platform will only take 10% when payouts exceed $100,000. Under this new model, the company will still take nothing for the first 12 months.
Previously, Elon Musk compared Apple’s fees to a “hidden 30% tax on the Internet” and postponed the launch of Twitter Blue on iOS in order to avoid paying Apple’s fees.