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Future iPhone assembly equipment could cost Apple billions of dollars in tax


Apple is lobbying for a change in the tax law in India as it potentially faces billions of dollars in taxes for new iPhone assembly equipment.

Some 25% of iPhones are now made in India, and the company is looking to push this percentage even higher, but there is a potential major barrier to further expansion …

more…via You searched for iphone - 9to5Mac https://ift.tt/bkMUdtQ

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