India plans to exempt foreign companies from being taxed when providing equipment to their contract manufacturers in the country, a change Apple lobbied for
it can now fund iPhone-making machines for Foxconn and Tata Electronics without fearing tax/income liabilities... 📱India's government on Sunday handed a major win to Apple by allowing foreign companies to freely provide machines to their contract manufacturers set up in certain areas for five years, without fearing any tax risk. 📱What was the concern? In India, unlike China, Apple was concerned that if it paid for machines for its contract manufacturers, Indian law could consider that a so-cal