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    Foxconn undergoing tax audit, land use investigation: Chinese state media

    foxconn

    Chinese state media reported on Sunday that Foxconn Technology Group, Apple Inc’s primary supplier for iPhones, is currently undergoing tax audits at several of its crucial subsidiaries due to suspected violations of laws and regulations.

    Additionally, China’s natural resources department has initiated on-site investigations into the land use practices of Foxconn enterprises in provinces such as Henan and Hubei, among others. The exclusive report was published in the nationalist tabloid, the Global Times, but did not provide specific details regarding the investigations or their timing.

    Foxconn has not issued a statement in response to these developments as of yet.

    Zhang Wensheng, the deputy dean of the Taiwan Research Institute at Xiamen University, commented on the situation in an interview with the Global Times. He emphasized that tax audits and land use investigations are standard procedures conducted by relevant departments whenever there are suspicions of an enterprise violating laws and regulations.

    Zhang Wensheng, the deputy dean of the Taiwan Research Institute at Xiamen University, commented on the situation in an interview with the Global Times. He emphasized that tax audits and land use investigations are standard procedures conducted by relevant departments whenever there are suspicions of an enterprise violating laws and regulations.