Current:Home > ScamsApple supplier Foxconn subjected to tax inspections by Chinese authorities-InfoLens
Apple supplier Foxconn subjected to tax inspections by Chinese authorities
View Date:2024-12-23 12:02:04
BANGKOK (AP) — Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, state media reported Sunday.
Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper.
The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories. Foxconn employs hundreds of thousands of workers across China.
The report did not provide more details about the searches, including when they occurred or what was found.
However, the report quotes an expert who said that “while Taiwan-funded enterprises, including Foxconn, are sharing in dividends from development and making remarkable progress in the mainland, they should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of cross-strait relations.”
Tensions have been high between China and Taiwan in recent years. China claims the democratic self-governing island of Taiwan as part of its own territory. The sides split in 1949 after a civil war and have no official relations but are linked by billions of dollars in trade and investment.
The Chinese Communist Party regularly flies fighter planes and bombers near Taiwan to enforce its stance that the island is obliged to unite with the mainland, by force if necessary.
The tensions have occasionally spilled over into the economic realm. In recent years, China has banned pineapples, grouper fish and other agricultural products from Taiwan for import.
However, it has largely refrained from targeting Taiwanese companies that operate on the mainland.
Foxconn does the vast majority of its manufacturing in China. The company did not respond to a request for comment.
The company’s founder, Terry Gou, announced 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 whose politics mostly align with the Kuomingtang, the island’s current opposition party.
veryGood! (43773)
Related
- John Krasinski Reveals Wife Emily Blunt's Hilarious Response to His Sexiest Man Alive Title
- Taylor Swift wore white dress with black accessories on Grammys red carpet
- Senators release border-Ukraine deal that would allow the president to pause U.S. asylum law and quickly deport migrants
- Horoscopes Today, February 4, 2024
- Man waives jury trial in killing of Georgia nursing student
- Grammys 2024: 10 takeaways from music's biggest night (Taylor's version)
- Paris Jackson covers up over 80 tattoos at the Grammys: 'In love with my alter ego'
- Stevie Wonder pays tribute to Tony Bennett at Grammys: 'I'm going to miss you forever'
- Why Amanda Seyfried Traded Living in Hollywood for Life on a Farm in Upstate New York
- Why Kelsea Ballerini Missed the 2024 Grammys Red Carpet
Ranking
- Who is Rep. Matt Gaetz, the Florida congressman Donald Trump picked to serve as attorney general?
- Former WNBA MVP Nneka Ogwumike becomes second big free agent to sign with Seattle Storm
- Michael Jordan's championship sneaker collection goes for $8 million at auction
- Full transcript of Face the Nation, Feb. 4, 2024
- Florida Man Arrested for Cold Case Double Murder Almost 50 Years Later
- American Idol’s Lauren Alaina Marries Cam Arnold
- Stock market today: Asian stocks mostly fall as Chinese shares skid despite moves to help markets
- Bruce Willis' wife, Emma Heming Willis, to publish book on caregiving
Recommendation
-
IAT Community Introduce
-
Céline Dion's Rare Outing With Son René-Charles at 2024 Grammys Put the Power of Love on Display
-
'It killed him': Families of victims of big tech, present at Senate hearing, share their stories
-
Apple Vision Pro makes triumphant appearance courtside on Celtics fan's face
-
Louisiana asks court to block part of ruling against Ten Commandments in classrooms
-
Nate Burleson will be key part of CBS and Nickelodeon's Super Bowl coverage
-
Allegiant Stadium will host Super Bowl 58. What to know about the Las Vegas venue
-
Episcopal Diocese of Mississippi elects its first woman, Black person as bishop