A whopping 11.5 million documents from Panamanian law firm Mossack Fonseca, so-called Panama Papers leak, reportedly suggest that the world's top contract fabricator Foxconn, which assembles iPhones and many other consumer electronics products for other tech firms, may have evaded taxes worth up to a massive $22.86 billion via investments in Panama's offshore companies.
Foxconn vehemently denied its involvement in the Panama Papers scandal. In an eyebrow-raising move, the Taiwanese firm then dropped veiled threat it might resort to suing news publications that make up such rumors, according to DigiTimes on Friday.