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Suspicion of tax evasion: Search at McKinsey's in Paris

2022-05-24T14:35:15.293Z

Didn't McKinsey pay taxes in France for years? Tax investigators have searched the offices of the consulting group. President Macron has long been criticized for having close ties to the company.



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Search at McKinsey in Paris

Photo:

Michel Spingler/AP

The French financial prosecutor's office searched the Paris office of management consultancy McKinsey on Tuesday.

This was confirmed by a spokesman for the Reuters news agency.

It is about the suspicion of tax evasion.

The AP news agency also published a photo of the search.

"As always, the company is fully cooperating with the authorities," McKinsey said in a statement, according to Reuters.

According to a French Senate report from mid-March, McKinsey is said to have not paid any taxes in France for at least ten years.

Preliminary investigations were then initiated against the company.

The company claimed to have complied with the law.

The French branch of the company paid 422 million euros in taxes and social security contributions from 2011 to 2020.

Macron adviser spending up

The case caused a stir before the presidential election in France because government spending on external advice rose significantly during Macron's first term.

Past or current McKinsey executives are associated with the President of France.

According to the Senate report, the hiring of consultants has now become the norm.

Spending by French ministries more than doubled from €379 million in 2018 to €894 million last year.

sol/AFX/Reuters

Source: spiegel

All business articles on 2022-05-24

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