McDonald's branch in Paris: Display by unions
Photo: KENZO TRIBOUILLARD/ AFP
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.
At the beginning of 2016, the financial prosecutor's office launched preliminary investigations after union representatives filed a lawsuit against the French subsidiary of the burger roaster for organized tax fraud.
According to the information at the time, it was about an annual amount of 75 million euros.
mik/dpa-AFX
