Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, state media reported Sunday.
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.
This is the best summary I could come up with:
BANGKOK (AP) — Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, state media reported Sunday.
The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories.
The sides split in 1949 after a civil war and have no official relations but are linked by billions of dollars in trade and investment.
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.
In recent years, China has banned pineapples, grouper fish and other agricultural products from Taiwan for import.
The company’s founder, Terry Gou, announced in August that he would be running as a candidate in Taiwan’s presidential elections, which will be held early next year.
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