McDonald's Agrees To Pay €1.25B To Avoid French Tax Case
By Matt Thompson (June 16, 2022, 3:57 PM BST) -- Fast-food giant McDonald's has agreed to pay France a fine of €1.25 billion ($1.31 billion) to avoid prosecution for tax evasion in a deal validated Thursday by a Paris court.
The French financial prosecutors' office accused McDonald's of artificially lowering its booked profits in France by shifting money to Luxembourg. (Alastair Miller/Bloomberg via Getty Images)
The payment of the fine relates to an investigation launched in 2016 by the French financial prosecutors' office, according to a news release from the country's Ministry of Justice. McDonald's was accused of artificially lowering its booked profits in France by shifting money to Luxembourg.
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