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Apple asks India to alter tax law seen hindering expansion: Report
short by Mansi Agarwal / on 15 Oct 2025,Wednesday
Apple has reportedly urged India to change its income tax law so it's not taxed for the ownership of high-end iPhone machinery it provides to its contract manufacturers. India considers such ownership as a "business connection", making Apple's iPhone profits liable for taxes, Reuters reported. Apple fears the current rules could hamper its future expansion, the report added.
short by Mansi Agarwal / 04:58 pm on 15 Oct
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