Foxconn vows to cooperate with tax authorities

Foxconn Technology Group, the world's largest electronics manufacturing contractor, said compliance with the law is a basic principle for the company around the world, and it will actively cooperate with the authorities on the related work and operations.

The comments came after the Global Times reported on Sunday that Chinese mainland tax authorities are conducting tax inspections on key enterprises of Foxconn in Guangdong and Jiangsu provinces, and natural resources regulatory departments are carrying out on-site investigations into the company's land use in Henan and Hubei provinces.

Foxconn, formally known as Hon Hai Precision Industry Co, is a key supplier of Apple. It has major production bases in Shenzhen, Guangdong province, and Zhengzhou, Henan province.

fanfeifei@chinadaily.com.cn