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Investing.com -- Apple executives have been in discussions with the Indian government in recent weeks to advocate for changes to the country’s income tax law, according to sources familiar with the matter.
The technology giant is concerned that provisions in the current Income Tax Act could restrict its future growth in India by requiring the company to pay taxes on high-end iPhone manufacturing equipment it provides to its contract manufacturers.
Neither Apple nor India’s Information Technology and Finance ministries responded to requests for comment on the matter.
A senior Indian official confirmed to Reuters that "discussions on taxation rules impacting Apple are ongoing," suggesting that the government is actively considering the company’s concerns.
The talks come as Apple continues to expand its manufacturing presence in India, which has become an increasingly important production hub for the company.
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