India proposes extending tax breaks for contract manufacturing in a boost for Apple
Apple had feared that, unlike in China, tax laws in India could treat ownership of machinery supplied to its contract manufacturers as so-called “business connection”, exposing its iPhone profits to tax
· 8/3/2026, 4:38:38 PM· 2 min read
Apple had feared that, unlike in China, tax laws in India could treat ownership of machinery supplied to its contract manufacturers as so-called “business connection”, exposing its iPhone profits to tax
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