China launches tax investigations into Apple iPhone maker Foxconn

  • October 23, 2023
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Tax audits and land use probes follows company founder announcing his run for Taiwan presidency

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China’s tax authorities have launched multiple investigations into the company that makes the iPhone, months after its billionaire founder announced he would run in Taiwan’s presidential elections.

Foxconn is facing tax audits of its operations in China, as well as investigations into land use in two Chinese provinces, according to reports by local media.

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