Foxconn under tax and land use investigations in China
The Hindu
Foxconn, a Taiwanese tech giant, is under investigation by Chinese authorities for tax and land use at several sites. The company has stated its commitment to comply with the law and is cooperating with the relevant authorities.
Taiwanese tech giant Foxconn is under tax and land use investigations at several of its sites in China, state media reported on October 22.
Chinese authorities are inspecting Foxconn's sites in southern Guangdong province and Jiangsu in the east, as well as carrying out on-site investigations into the company's land use in central Hunan and Hubei provinces, China's state-run Global Times reported.
The newspaper did not specify what authorities are looking into, nor any offences that Foxconn may have committed.
"Compliance with the law is a basic principle for our group worldwide," Foxconn said in a statement on October 22
"We will actively cooperate with the relevant (authorities) for the operations concerned," it added, without providing further details.
Foxconn is one of the world's largest contract producers of electronics, and is a key supplier for Apple's iPhones.
It is also China's largest private-sector employer, with more than a million employees nationwide.
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