Foxconn faces Chinese tax investigation after founder stands in Taiwan election
China has launched an investigation into the tax affairs of Foxconn, the Apple iPhone maker.
Chinese state media said the country’s natural resources department had investigated Foxconn sites in Henan and Hubei after its founder announced he would run in regional elections in Taiwan.
Foxconn operates factories in China, including this site inZhengzhou City, Henan Province
VCG/VCG VIA GETTY IMAGES
Foxconn has said it is co-operating with authorities and that complying with the law and regulations “is a basic principle for the group worldwide”. China claims that Taiwan, its island neighbour, which is a democracy, is Chinese territory and has threatened to take over the island by force if necessary.
Terry Gou, 73, who founded Foxconn in 1974, resigned from the company’s board when he announced his candidacy in Taiwanese elections in August. The Global Times, the English-language Chinese newspaper, said
