Huawei
iPhone assembler Foxconn under probe in China
Well-known iPhone assembler – Foxconn is under tax probe in China, reports a state-backed paper, Global Times.
On Sunday, China’s Global Times said some of Foxconn’s key subsidiaries in China were the subject of tax audits and that China’s natural resources department had conducted on-site investigations on land use by Foxconn enterprises in Henan and Hubei provinces and elsewhere.
Several companies which they did not name had been audited by Chinese authorities in recent months, but they believed only Foxconn’s probe was made public for political reasons.
The audits come less than three months ahead of Taiwan’s presidential election and amid Foxconn’s drive to expand production outside China.