iLounge

:: iLounge Home :: Forums Home ::

Home — News
Report: India likely to reject Apple’s tax break requests
By Dan Pye | 01.24.17

Indian government officials are likely to reject Apple’s request for a lower tax bracket, customs duty holidays, and other concessions in exchange for setting up manufacturing facilities in the country, the Economic Times of India reports. Apple officials are set to meet with representatives from India’s government Wednesday to lay out the company’s case for the incentives, but government representatives signaled last week that any changes made to benefit Apple would have to apply to all 42 other companies currently building mobile phones in India. One unnamed official told The Financial Times they were doubtful there would be enough incentive for the country to approve such a sweeping change. “Since there is a strong co-relation between value-addition and job creation, value-addition remains a priority for us. The ‘Make in India’ program would suffer if every foreign player starts to demand concessions without actually doing much of value addition here,” the source said.

Comments
Log In

iLounge.com is ©2001 - 2010 iLounge, Inc. All Rights Reserved.
Terms of Use | Privacy Policy