India Moves to Extend Tax Break Apple Lobbied For

India has projected extending taxation breaks until 2041 for overseas companies that proviso machinery to their declaration manufacturers, handing a triumph to Apple arsenic it expands iPhone production successful the country, Reuters reports.

Introduced successful February, the exemption antecedently ran lone until 2031, and Apple had long since lobbied against being taxed connected the high-end iPhone machinery it owns successful India. The draught measure inactive has to beryllium passed by some houses of parliament.
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