Foxconn, Apple's Manufacturer in China, Faces Tax and Land Use Probes
TL;DR Summary
Foxconn, the Taiwanese factory giant and main contractor for Apple's production in China, is reportedly under tax audit and investigation in four provinces. Chinese state media outlets have reported that Foxconn is facing tax inspections in Guangdong and Jiangsu Provinces, as well as investigations in Henan and Hubei Provinces to determine compliance with land use regulations. The company has stated that it will cooperate with relevant units and comply with legal obligations. This comes as local governments in China are increasing tax audits and regulatory reviews on foreign and local companies to collect more revenue and stabilize their finances.
- Foxconn, Apple's Manufacturer in China, Is Said to Be Under Tax Audit The New York Times
- Chinese Officials Probe iPhone Maker Foxconn, Global Times Says Bloomberg
- Foxconn faces tax audit, land use probe, Chinese state media reports Reuters
- Apple supplier Foxconn under tax and land use investigations in China: report South China Morning Post
- Apple supplier Foxconn subjected to tax inspections by Chinese authorities The Killeen Daily Herald
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