Apple supplier Foxconn says it will cooperate with Chinese authorities on tax, land use investigations
Summary
Apple supplier Foxconn, officially known as Hon Hai , said it will cooperate with Chinese authorities on investigations, following a report that officials are conducting tax audit inspections and reviewing land use of Foxconn subsidiaries. State media Global Times reported on Sunday, citing unnamed sources, that multiple offices of Hon Hais subsidiaries across China had been subjected to tax audits and on-site investigations into land use. Hon Hai Technology Group is the worlds largest contract electronics manufacturer. "Legal compliance everywhere we operate around the world is a fundamental principle of Hon Hai Technology Group (Foxconn). We will actively cooperate with the relevant units on the related work and operations," the company said in a statement on Sunday.
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