Taiwan based Foxconn, the world's biggest assembler of Apple iPhones, is reportedly in the crosshairs of tax authorities in China.
shares moved lower in pre-market trading Monday following reports that its key supply-chain partner, Taiwan-based Foxconn, is facing what could be a politically motivated probe into its tax affairs by officials in China.
The moves follow a series of trade and export restrictions on high-tech semiconductors and AI-related technologies put in place by President Joe Biden over the past year and could draw Apple, the world's biggest tech company, into the ever-growing dispute between Washington and Beijing.
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Apple iPhone maker Foxconn being investigated in China as founder runs for Taiwan presidencyTaiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media.
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China government launches tax probes into Apple iPhone maker FoxconnChinese authorities have launched multiple investigations into iPhone-maker Foxconn’s tax and land use, sources told local news site Global Times. Tax authorities inspected Foxconn’s sites in…
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Apple supplier Foxconn subjected to tax inspections by Chinese authoritiesChinese 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 against a major Taiwanese enterprise in China is rare. Tensions have been high between China and Taiwan in recent years.
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Apple supplier Foxconn subjected to tax inspections by Chinese authoritiesChinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities.
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Apple supplier Foxconn subjected to tax inspections by Chinese authoritiesChinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities.
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Foxconn, Apple supplier, subjected to tax inspections by Chinese authoritiesFoxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.
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