Tech regulation: Apple reportedly seeks changes to 1961 law; here’s why it matters
Apple seeks changes to India's income tax law. The company wants to avoid taxes on high-end iPhone machinery it provides to contract manufacturers. This issue is a hurdle for Apple's expansion plans in India. The government is carefully considering the request, balancing investment needs with sovereign tax rights. Industry bodies support Apple's plea for tax certainty.
Apple seeks changes to India's income tax law. The company wants to avoid taxes on high-end iPhone machinery it provides to contract manufacturers. This issue is a hurdle for Apple's expansion plans in India. The government is carefully considering the request, balancing investment needs with sovereign tax rights. Industry bodies support Apple's plea for tax certainty.
