iPhone maker Foxconn faces tax investigation in China

Taiwan's presidential election, which Foxconn founder Terry Gou is contesting, may have inspired the probe, sources say

Foxconn founder and former chief Terry Gou campaigning in Taiwan's presidential election in August. Sources say the tax probe, and its leaking to 'Global Times', is linked to the election. Picture: Jameson Wu/AFP/Getty

Foxconn, a major supplier of Apple’s iPhones, is facing a tax probe in China, which sources say is tied to Taiwan’s upcoming elections.

China’s state-backed Global Times tabloid said some of Foxconn’s key subsidiaries in China were the subject of tax audits and that China’s natural resources department had conducted on-site investigations on land use by Foxconn enterprises in Henan and Hubei provinces and elsewhere.