Tax audits and land use inquiries follow company founder announcing run for Taiwan presidency
Business live – latest updates
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 faces tax audits of its operations in China, as well as investigations into land use in two Chinese provinces, according to reports by local media.
More Stories
‘Morally repugnant’: Brazilian workers sue coffee supplier to Starbucks over ‘slavery-like conditions’
EU fines Apple and Meta for breaching fair competition rules
Apple ‘aims to source all US iPhones from India’, reducing reliance on China