Chinese authorities are investigating and conducting tax audits on Foxconn

the audits against Foxconn

Foxconn, Apple’s largest iPhone supplier, has been the target of tax audits in China at some of its key subsidiaries for suspected violations of laws and regulations, Chinese state media reported Sunday.

China’s Department of Natural Resources has also investigated the land use sites of Foxconn enterprises in Henan, Hubei and other places, the Global Times reported. Details of the investigation and a timeline were not specified.

“Compliance in all locations around the world where we operate is a fundamental principle of Hon Hai Technology Group (Foxconn),” the company said in a comment. – We will actively co-operate with relevant departments.”

Zhang Wensheng, vice dean of the Taiwan Research Institute of Xiamen University, told the Global Times that land use audits and investigations are a normal procedure that applies to any enterprise suspected of violating laws and regulations. “Foxconn subsidiaries are required to actively cooperate in audits and investigations, and if there are indeed violations of laws and regulations, they should admit mistakes, accept fines and step up remedial actions,” Zhang said.

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