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Apple asks India for supplier tax breaks

Published 08/01/2017, 11:06 AM
© Reuters.  Apple asks India for supplier tax breaks
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  • Apple (NASDAQ:AAPL) wants the Indian government to extend tax breaks to the company’s suppliers to bring manufacturing to the region, according to Reuters sources.
  • Tax break talks started last spring with Apple submitting a list of prerequisites in October. Included on the list were duty exemptions for 15 years on raw material components and equipment.
  • India is the world’s third largest smartphone market behind the U.S. and China, where Apple lags far behind with only a 2% market share.
  • Apple began assembling iPhone SE models in Bengaluru in May working with supplier Winstron.
  • Now read: Apple Earnings Preview: Fiscal 2018 EPS And Revenue Estimates Bode Well For The Stock


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