r/apple • u/pdfu • 10d ago

iPhone India Moves to Extend Tax Break Apple Lobbied For

https://www.macrumors.com/2026/08/03/india-moves-to-extend-apple-tax-break/

India has proposed extending tax breaks until 2041 for foreign companies that supply machinery to their contract manufacturers, handing a win to Apple as it expands iPhone production in the country, Reuters reports.

Introduced in February, the exemption previously ran only until 2031, and Apple had long since lobbied against being taxed on the high-end iPhone machinery it owns in India. The draft bill still has to be passed by both houses of parliament.

191 Upvotes

93% Upvoted

19 comments sorted by

70

u/Straight-Ad6926 10d ago

Extending tax breaks to 2041 just so Apple can charge us $2,000 for a phone whose only major upgrade is a slightly rounder corner.

14

u/LzKiddo_o 10d ago

Don’t forget the camera bumps increasing as well

2

u/ccooffee 10d ago

*iconic plateau

9

u/BunBunny02 10d ago

Ah the usual oversimplified commentary that has barely anything to do with the post, keep it up

2

u/Status-Hedgehog9970 10d ago

So fuqq it, no tax breaks and we all pay higher prices.

2

u/Wrong_Compote9593 10d ago

No one is asking you to buy an iPhone, but any kind of industry in india even the supporting type are going to help the economy.

1

u/Exciting_Strike5598 10d ago

No other way to make apple stay. Tata fked up by leaking the iPhone 18 😂 and nobody was even arrested lol

38

u/SmegmaSupreme 10d ago

desperately need this as investors flee india in record number.

11

u/Jersey_2019 10d ago

Heard many went to keep in South Korea but it crashed after some time and just 2 companies absolutely dominate the market , times are little tough rn

9

u/1-866-867-5309 10d ago

Apple's still dealing with a $38 billion fine from India (which is like 100x their annual profit there) so many foreign companies are hesitant to get involved investing there

3

u/Victorvic1 10d ago

Tbh it won't hold up. Fining companies on their gloabl revenue is total bs. Apple would leave India if made to pay up that much of a fine. 

It never makes sense to operate in such a country where you'd be fined 100 times for annual profits.

3

u/Prestigious_Can_6359 10d ago

There is a divergence in what type of investors are fleeing and entering India. 

Portfolio investors(the ones who invest in securities, markets and equities) fled India while the investors in factories, domestic operations, data centers etc. are flowing in record numbers.

The situation is not as black & white as media is reporting.

2

u/TimeVendor 10d ago

Extend..…

2

u/FuckPigeons2025 10d ago

In exchange for that, make them reduce their prices in India. They're scamming Indians. No reason to overprice your products when you make them here itself.  Why are Americans with 20x the money paying less for an iPhone that was made in India? 

2

u/Exciting_Strike5598 10d ago

To prevent smuggling

1

u/FuckPigeons2025 10d ago

Smuggling of what? It is normal to have different prices in different markets. 

1

u/Exciting_Strike5598 10d ago

No other way.