The fast-food chain is said to have committed tax fraud on an organized scale in France. To avoid further damage, McDonald’s is now digging deep into its pockets.
The fast-food chain McDonald’s pays the sum of 1.25 billion euros in France to avoid investigations into tax fraud.
The President of the Court of Justice in Paris confirmed the corresponding agreement between the financial prosecutor’s office and McDonald’s in France on Thursday, the public prosecutor’s office in Paris announced. The investigations conducted since 2016 on suspicion of tax fraud would thus be discontinued. The French judiciary suspects McDonald’s of having artificially reduced its profits in France by paying license fees to its European parent company in Luxembourg.
In early 2016, the Public Prosecutor’s Office launched preliminary investigations after union representatives filed a lawsuit against McDonald’s France for organized tax fraud. According to the information at the time, it was about an annual amount of 75 million euros.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
