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The Indian government has proposed relaxing laws that previously taxed contract manufacturers of foreign companies for owning equipment
Apple, which lobbied for the change, now won’t incur taxes on the profits of its iPhone sales for providing manufacturing equipment to its local partners Foxconn and Tata
The move will enable its contract manufacturing partners to scale up with Apple’s support and benefit Apple’s supply chain diversification strategy
As part of…
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The Indian government has proposed relaxing laws that previously taxed contract manufacturers of foreign companies for owning equipment
Apple, which lobbied for the change, now won’t incur taxes on the profits of its iPhone sales for providing manufacturing equipment to its local partners Foxconn and Tata
The move will enable its contract manufacturing partners to scale up with Apple’s support and benefit Apple’s supply chain diversification strategy
As part of…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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