Huawei Technologies has denied claims by the Wall Street Journal that it has received up to €75 billion in state support over the years. The allegations, released on Christmas Day, continue to highlight the bitter relationship between Huawei and the United States, with the company recently complaining of being subjected to cyberattacks and harassment by US authorities. .
Tax relief
The article, written by WSJ journalist Chuin-Wei Yap, claims that €46 billion in loans and credit, as well as other direct state aid, has been supplemented by tax breaks. €25 billion. On top of this, €2 billion in land refunds have been reported, as well as €1,6 billion in other grants. According to a response posted by ZDnet, Hauwei claims that the tax breaks and subsidies relate to €73 billion in research and development by the company. In addition, he said that he had not received preferential treatment from the Chinese government and that Western companies based in China had also received similar subsidies and tax breaks. However, the US government is likely to take a bleak view of the situation, particularly given its opposition to state aid, coupled with its currently unsavory dealings with Chinese manufacturers, with crippling tariffs. iPhones and other Chinese-made electronics avoided at the last minute. before Christmas. Furthermore, while US intelligence services stated that Huawei had previously been a security risk due to perceived close ties between it and the Chinese government, similar charges have already been brought against tech giants. like google. , which was known to have employed United States national security workers. agencies. Via ZDnet- Stay safe and anonymous online with the best VPN.