Apple may face $600 million tax demand from India

India's tax authorities are investigating Apple, Google, and Amazon, over accounting practices, and is considering a $600 million demand for each.Apple and the Indian flagIn a similar move to how the US IRS presented Microsoft with a $28.9 billion tax bill in October 2023, India's Income Tax Department is specifically investigating transfer pricing. This relates to the entirely legal system of assigning or moving profits from a parent company to a subsidiary. Read more...