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McDonald's French Offices Searched as Part of Tax Fraud Probe

31 May 2016

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France-Luxembourg

McDonald's France has reportedly confirmed that French investigators searched its offices on 18 May 2016. The search is part of an investigation into possible aggravated tax fraud concerning McDonald's France's royalty payments to Luxembourg-based holding company McD Europe Franchising Sàrl for the use of the McDonald's brand and franchising rights. The investigation began in 2013 and involves a French assessment for approximately EUR 300 million in unpaid taxes. The confirmation from McDonald's follows a 24 May raid of Google France's offices, which involves an investigation into Google's tax practices and a much larger French assessment of approximately EUR 1.6 billion...