McDonald's say French tax authorities have searched its offices, denies report that company hid profits in tax havens

Nevin Barich

Nevin Barich

PARIS , January 22, 2014 () – McDonald's says French tax authorities have searched its offices, but denies a report that the company hid profits in tax havens.

The weekly magazine L'Express, citing tax officials, says the French budget ministry suspects the fast food chain of owing up to 2.2 billion euros in taxes since 2009. The report says McDonald's France hid profits in subsidiaries in Luxembourg and Switzerland.

McDonald's France said in a statement that it "firmly refutes the accusation." It says inspectors searched its headquarters outside Paris in October but called that a "regular control procedure."

It says it has paid 1 billion euros in corporate taxes since 2009.

Budget Minister Bernard Caseneuve refused to comment on the report Wednesday but said on France-Info that the government is "determined" to fight tax evasion.


AS-image © 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.