Apple is urging the Indian government to amend a decades-old income tax law that could expose the tech giant to billions of dollars in taxes due to its ownership of high-end iPhone manufacturing equipment used by its contract partners in India, as reported by Reuters.

Sources familiar with the matter say Apple executives have been in talks with Indian officials in recent months, pushing for clarity to support the company’s expanding footprint in one of the world’s fastest-growing smartphone markets.

The push comes as Apple increasingly shifts its manufacturing base outside China.

While China still accounts for 75% of global iPhone shipments, India’s share has grown rapidly, quadrupling to 25% since 2022, according to Counterpoint Research. Apple’s iPhone market share in India has

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