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India Moves to Extend Tax Break Apple Lobbied For

India has proposed extending tax breaks until 2041 for foreign companies that supply machinery to their contract manufacturers, handing a win to Apple as it expands iPhone production in the country, Reuters reports . Introduced in February, the exemption previously ran only until 2031, and Apple had long since lobbied against being taxed on the high-end iPhone machinery it owns in India. The…

macrumors.com ·11d ago

India Moves to Extend Tax Break Apple Lobbied For

We haven't written up this one. MacRumors has the full story — the link below goes straight to it.

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