Apple supplier Foxconn subjected to tax inspections by Chinese authorities

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The Ministry of Natural Resources inspected Foxconn offices in Guangdong and Jiangsu provinces, as well as offices in Henan and Hubei provinces, where the company has major factories

The Foxconn logo seen during the Hon Hai Tech Day at the Nangang Exhibition Center in Taipei, Taiwan, on Oct. 18, 2022.Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.

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. It also quoted an expert who said that “while Taiwan-funded enterprises, including Foxconn, are sharing in dividends from development and making remarkable progress in the mainland, they should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of cross-strait relations.”

The Chinese Communist Party regularly flies fighter planes and bombers near Taiwan to enforce its stance that the island is obliged to unite with the mainland, by force if necessary.

 

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