Skip to main content

Taiwan Defends Tech Giant Foxconn Over China's Tax Investigation

Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference".

Chinese authorities are inspecting Foxconn's sites in southern Guangdong province and Jiangsu in the east, as well as carrying out on-site investigations into the company's land use in central Hunan and Hubei provinces, China's state-run Global Times reported Sunday.

It did not specify what authorities are looking into, nor any offences that Foxconn may have committed.

Taiwan-based Foxconn is one of the world's largest contract producers of electronics, and a key supplier for Apple's iPhones.

The investigation comes as self-ruled Taiwan -- which Beijing claims as its territory and has vowed to seize one day -- prepares for presidential elections in January.

Taiwan's Deputy Premier Cheng Wen-tsan said on Monday that Beijing's aim is to "distort Taiwan's democracy".

"In a democratic country, choosing leaders and presidents should be done in an environment that is free from threats, incentives, interference, and distortion to freely express one's will," he said.

"We do not want Chinese factors to influence the elections."

He also voiced support for Foxconn, telling reporters: "We believe that all Taiwanese businesses' investments in China are in compliance with the law."

"They should not be subject to political scrutiny or political interference."

Premier Chen Chien-jen adding that in the run-up to Taiwan's upcoming elections, "the government will continue to pay attention to the needs of Taiwanese businessmen and continue to support them".

Foxconn, also known by its official name Hon Hai Precision Industry, is China's largest private-sector employer, with more than a million workers nationwide.

The company said on Sunday that it will cooperate with relevant authorities "for the operations concerned", without providing further details.

Its billionaire founder Terry Gou -- who had handed over management reins four years ago -- is currently running as a long-shot independent candidate in January's elections.

Critics have alleged the 73-year-old's cosy relations with the Chinese leadership due to his Foxconn business ties, but Gou insisted he has "never been under the control" of Beijing.

Taiwan's Vice President Lai Ching-te is currently the frontrunner of the election.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News-World-news https://ift.tt/OALwMpB

Comments

Popular posts from this blog

Released 2 American Hostages On "Humanitarian Grounds": Hamas

Gaza's ruler Hamas said Friday its armed wing has released two American hostages, from around 200 captives abducted in attacks by the militant group in Israel on October 7. "In response to Qatari efforts, (Ezzedine) al-Qassam Brigades released two American citizens (a mother and her daughter) for humanitarian reasons," Hamas said in a statement posted on Telegram. The Islamist group did not detail how or when the hostages were released. The Israeli military said earlier Friday that most of those abducted to Gaza were still alive. "The majority of the hostages are alive. There were also dead bodies that were taken... to the Gaza Strip," an army statement said. The military said more than 20 hostages were minors, while between 10 and 20 were over the age of 60. There are also between 100 and 200 people considered missing since the Hamas attacks, the army added. On October 7, the Palestinian militant group carried out a deadly assault on Israel, the worst in...

Sri Lanka Must Achieve Debt Restructuring By September: IMF

The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the cash-strapped nation. On March 20, IMF extended a nearly $3 billion bailout facility to debt-ridden Sri Lanka that would help stabilise the country's economy after it was jolted by a devastating economic crisis last year. In a statement issued on Tuesday at the end of a nearly two weeks staff visit to Colombo to assess the progress made by Sri Lanka since the agreement was reached, the IMF said the two sides had discussed the developments on debt restructuring. "Sri Lanka must achieve debt restructuring by its first review due in September. We also discussed progress on debt restructuring, noting the ongoing discussions with both foreign and domestic creditors," the statement read. Sri Lanka is still struggling to normalise its crisis-hi...

Gaza's Rafah Border Crossing Area Hit In Military Strike

The area of the Rafah border crossing between the blockaded Gaza Strip and Egypt was hit Monday in a military strike, AFP correspondents said, as hundreds of Palestinians gathered hoping to cross. The area of the shuttered crossing point in Gaza's south had been hit at least three times last week by Israeli air strikes after Gaza-based Hamas attacked southern Israel on October 7 that triggered all-out war. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV News-World-news https://ift.tt/z9CBc7N