Corporate tax cut will draw Apple to India from China amid the US trade war: Modi Govt
Shortpedia
Content Team
The Modi government is expecting the shift of Apple and other companies from China to India due to the huge slash in tax structure to 15% for new companies, and the US trade war will act as a catalyst. “The top consideration of tax is now being fulfilled by us. No country is offering 15% tax without surcharge for a new unit being set up, so the logic (of relocation) is in our favour,” said Nirmala Sitharaman.
