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APPLE SUPPLIER FOXCONN SUBJECTED TO TAX INSPECTIONS BY CHINESE AUTHORITIES
AppleMagazine
|October 27, 2023
Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports.
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Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper.
The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories. Foxconn employs hundreds of thousands of workers across China.
The report did not provide more details about the searches, including when they occurred or what was found.
This story is from the October 27, 2023 edition of AppleMagazine.
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