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McDonald's Corp's French arm confirms tax checks, denies wrongdoing-L'Expansion


Tuesday, 21 Jan 2014 07:00pm EST 

McDonald's Corp:McDonald's France has confirmed tax inspectors visited its local headquarters but denied wrongdoing after French media reported it had transferred over 2.2 billion euros ($3 billion) abroad since 2009 to dodge taxes-L'Expansion.Tax inspectors visited the site on Oct. 15 as part of a probe into the suspected transfer since 2009 of around 330 to 650 million euros of revenue per year to Switzerland and Luxembourg.McDonald's France said the group and its 314 local franchises paid corporate taxes in full to the French state, amounting to 1 billion euros since 2009. 

Company Quote

91.65
2.93 +3.30%
17 Dec 2014