Foxconn is facing a tax probe in China, two sources close to the company say, confirming a report in China's state-backed Global Times
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The sources said they believed it was disclosed for political reasons tied to Taiwan’s January elections where the company’s founder Terry Gou is running as an independent candidate for president. “During an election, China does not need to put pressure on Taiwanese companies, demanding they declare a position, or even that they directly support a candidate they prefer,” he said.
Gou cancelled without explanation a campaign event originally scheduled for Monday evening, and has no events planned for Tuesday, according to his media team.
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