Reported 16 days ago
Apple is lobbying the Indian government to amend its income tax laws, which currently hinder its expansion by taxing the company for owning high-end machinery provided to contract manufacturers. As Apple's market share in India grows, the company faces potential billions in additional taxes if it cannot secure legal adjustments. Talks are ongoing, with Apple emphasizing the importance of the manufacturing sector to India's economy while officials remain cautious about altering tax regulations.
Source: YAHOO