Executive Summary
- •The exemption originally launched in February and only ran until 2031 before this new proposal.
- •Apple actively lobbied against paying taxes on the high-end iPhone machinery it owns locally.
- •But the draft legislation hasn't actually passed yet and still requires approval from both parliamentary houses.
Community Sentiment
Key Developments & Data
India proposes extending tax breaks to 2041 for Apple $AAPL iPhone contract manufacturers.
The exemption originally launched in February and only ran until 2031 before this new proposal.
Apple actively lobbied against paying taxes on the high-end iPhone machinery it owns locally.
But the draft legislation hasn't actually passed yet and still requires approval from both parliamentary houses.
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