India considers reducing taxes on imported electric vehicles for five years to attract Tesla.

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【Summary】Indian government is considering offering five-year tax cuts on electric vehicle imports to attract Tesla. Income Tax Department is investigating Apple, Google, and Amazon in India for possible non-payment of tax. Indians have become the biggest real estate investors in Dubai.

FutureCar Staff Nov 13, 2023 10:19 PM PT

India considers reducing taxes on imported electric vehicles for five years to attract Tesla.

The Income Tax (I-T) Department is currently investigating the Indian units of Apple, Google, and Amazon for potential non-payment of tax. This investigation, which began in 2021, has prompted the authorities to request detailed explanations from these tech giants regarding their transfer pricing (TP) practices. Those familiar with the matter have reported on the ongoing probe.

Indians have emerged as the leading investors in the Dubai property market, effectively shaping the city's real estate sector. Their significant presence has made them the largest real estate investors in Dubai, marking a shift in the market dynamics. This development highlights the growing influence of Indian investors in the Dubai realty market.