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Tire Companies Want Tax Break

Tire Companies Want Tax BreakTire Companies Want Tax Break

Over the past several months the tire industry's profit margin has shrunk significantly thanks to the rising prices and shortages of raw materials amid hard economic times. 
Given the litany of problems the industry is facing, chairman of the Iran Tire Industry Association has called on the government to offer tax breaks to tire companies.
"The industry's profit margin has dropped to 6% and companies can barely make ends meet. Manufacturers are saddled with higher costs and overheads… Tax exemptions can make things a bit easier," local news website Asr-e Khodro quoted Taqi Ganji as saying.

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