Chinese state media report that Foxconn, a Fortune 500 business recognized internationally for making Apple iPhones, was justrecently subjected to searches by Chinese tax authorities
ByHUIZHONG WU Associated Press
October 21, 2023, 11: 57 PM
FILE – The Foxconn logodesign is seen throughout the Hon Hai Tech Day at the Nangang Exhibition Center in Taipei, Taiwan, on Oct. 18,2022 Foxconn, a Fortune 500 business recognized internationally for making Apple iPhones, was justrecently subjected to searches by Chinese tax authorities, state media reported Sunday, Oct. 22,2023 (AP Photo/Chiang Ying-ying, File)
The Associated Press
BANGKOK — Foxconn, a Fortune 500 business recognized worldwide for making Apple iPhones, was justrecently subjected to searches by Chinese tax authorities, according to regional reports Sunday.
Foxconn, a Taiwanese -headquartered business formally signedup as Hon Hai Precision Industry Co., Ltd, had its workplaces in Guangdong and Jiangsu provinces browsed by tax authorities, according to a report in the Chinese state-run Global Times paper.
The Ministry of Natural Resources likewise checked Foxconn workplaces in Henan and Hubei provinces, where the business has significant factories. Foxconn utilizes hundreds of thousands of employees throughout China.
The report did not supply more information about the searches, consistingof when they happened or what was discovered.
It likewise pricedquote an professional who stated that “while Taiwan-funded business, consistingof Foxconn, are sharing in dividends from advancement and making exceptional development in the mainland, they must likewise presume matching social duties and play a favorable function in promoting the tranquil advancement of cross-strait relat