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Apple supplier Foxconn subjected to tax inspections by Chinese authorities

Associated Press

BANGKOK (AP) — Chinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities. Such a move, reported Sunday, against a major Taiwanese enterprise in China is rare. Tensions have been high between China and Taiwan in recent years. China claims the democratic self-governing island as part of its own territory. Foxconn’s founder, Terry Gou, said in August that he would be running as a candidate in Taiwan’s presidential elections, which will be held early next year. He then resigned from his seat on the board of Foxconn. Gou is seen as a China-friendly candidate.

Article Topic Follows: AP-National

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Associated Press


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