Chinese mainland experts have asserted that the investigation is a routine aspect of business operations, and all companies go through tax inspections.
Mainland Chinese tax authorities are presently conducting an investigation into Foxconn, a Taiwanese company renowned for producing Apple devices, such as iPhones. As reported by Chinese state media, Global Times, this investigation is centered on Foxconn's major operations in Guangdong and Jiangsu provinces. Moreover, the department responsible for natural resources is scrutinizing the land use of Foxconn's primary ventures in Henan and Hubei provinces.
In August, Terry Gou, the founder of Foxconn, made an announcement about his candidacy in the 2024 elections for Taiwan's regional leader. This development has triggered speculation that the investigation into Foxconn might be linked to Gou's political aspirations. However, as reported by Global Times, mainland Chinese experts have asserted that such investigations are a routine part of business operations, and all companies go through tax inspections.
Foxconn has expressed its commitment to cooperate with the authorities during their inspections, emphasizing that adherence to laws and regulations is a fundamental principle governing its global operations.
The company stated, "Maintaining legal compliance in all our global operations is a core principle of Hon Hai Technology Group (Foxconn). We will actively collaborate with the relevant entities in these matters."
In light of the tense geopolitical circumstances concerning Taiwan, the upcoming election could potentially influence Taiwan's relations with China. According to a BBC report, Mr. Gou has publicly expressed his lack of fear towards China when he declared his candidacy. The report cites a statement made by him during his announcement, where he stated, "If the Chinese Communist Party regime were to threaten to seize assets from Foxconn if I don't comply, I would respond with 'Certainly, please proceed!'"
