Tax Analysts Publication
September 5th, 2010
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Tax Analysts Publication
Terry Gou, "tax evasion case," the United States have searched Honghai Zi Corporation
If Zangjia Yi is not in the trick, to confuse the public, that the scenery of the day Gou may be known everything about genome. In Taiwan, Hon Hai’s share price has been head of tax evasion because of their own
Checked
Frustrated by the news, even if whistleblowers, has been locked due to previous grievances into prison, silence should not be the Gou attitude should be maintained at present
Gou misfortunes never come singly.
Mainland employees have died there had just been forced down, not enough time to relax the Foxconn Technology Group (the “Hon Hai”) Chairman Terry Gou has been a sudden and then “Tax Evasion” message hit.
2009 7 21, Taiwan’s media, “Next Magazine” Zang Jiayi former reporter broke the news in his personal blog, said the public prosecution as tax evasion, the amount of wealth currently ranked second Gou Taiwan are receiving IRS ( hereinafter referred to as “IRS”) investigation. If the report is true, Gou ordered to pay the tax will total 3.9 billion U.S. dollars, with 40% rate, the amount of the tax premium of NT for the 49.92 billion yuan (about 1.46 billion U.S. dollars). In addition, if the IRS finds that once the facts Guo malicious tax evasion, he could pay the Back Taxes equal to 3 times the amount of the fine. By then, Terry Gou to escape bankruptcy.
Hon Hai regard to the above message
tight?? Message disclosed the same day, the company spokesman said sternly worded, Zang Jiayi said, purely a “nonsense”, its “sinister intention to affect the Hon Hai shares.” To further prove that the other party is deliberately cause trouble, Hon Hai spokesman also said there is a company and Zang Jiayi dispute is not settled, the fate of imprisonment which has been basically established. “She broke the news just to muddy the water, continue to delay the sentencing court cases.” Hon Hai spokesman said.
For Hon Hai’s position, Zang Jiayi not show weakness. July 22 afternoon, she held a press conference in Taipei alone, claiming that they have to master more than proved that the other evidence of tax evasion. Hon Hai Zang Jiayi required to hold a press conference in three days to explain to the apology, otherwise it will provide notice Gou.
This is indeed a shocking news, but also deeply affects the confidence of investors in the Hon Hai. July 21, Hon Hai shares shrink day 4 yuan, down 3.48%, lower than the previous 5 days moving average. It is noteworthy that blocking has been active on the bad news, bad news on the spread of those who never hesitate to Hon Hai, this is no more responses and comments Zang Jiayi, but emphasized that “false statements liable to judicial punish” . This behavior and its usually very different, and in fact the industry has been more speculation.
Present, the two sides are still bickering with each other, but market analysts have predicted: “tax evasion checked whether the incident is true, then would be the most tough Gou time.”
This terrible news
“Gou investigation by the IRS, tax evasion or the amount of the highest in history!” The language’s origin, Zang Jiayi amazing. She said he released all the information came from California, specializing in tax law lawyers PaulD.Scott, he is Hon Hai to report tax evasion lawyer. For Hon Hai refute his “nonsense”, Zang Jiayi is published in its press conference, including “no intention of affecting the stock market, and to learn his ex-wife Lin Shu Gou as social security number in the United States,” including another 4-point statement, be fight back.
“Hon Hai sue me if the rumors that they are false accusations!” July 22, Zang Jiayi harsh tone, said. She thinks that she received from an informer about Gou wealth of information is not false, so Hon Hai has not only its prosecution.
As she described, since Terry Gou founded Hon Hai in 1974, after years of struggle over the division has been all over the entire United States. The company listed in 1991 as the Department of the actual controller Hon Hai, Guo in 2001 to 2006 as chairman and CEO of wages about 2.35 million U.S. dollars. In 1995 and 2007, Hon Hai Guo many cash stock, accounted for 550 million U.S. dollars.
Luscombe: Year-end Tax Planning for 2009
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