Apple's China branch fined for 'serious dishonest acts'

Apple's China branch has been fined 50,000 yuan ($7,595) for "serious dishonest acts” such as suspected tax evasion, according to media reports.

According to the 21st Century Business Herald, it was listed as "seriously dishonest" by the Bureau of Statistics of Beijing in December 2015 along with three other companies. The bureau said on its website that Apple's branch company has made “relatively big mistakes” in its reports on its financial situation, as well as on commodity purchases, sales and storage in 2014.

Specifically, wrong data was found in the current year value-added tax, staff salaries and annual commodity sales and the company was hence given a warning and fined 50,000 yuan, the 21st Century Business Herald says.

The Global Times notes that China stipulates that a company can be listed as one with serious dishonest acts if it fabricates census data, uses or hides a large quantity of false data in a report, or if it is found to be engaged in other major illegal census activities, according to a regulation found in the National Bureau of Statistics. Such companies will receive administrative punishments and their malpractice will be recorded and may affect their future business activities.