Beautiful Virgin Islands

Friday, Aug 29, 2025

McDonald's to pay France €1.2 billion to settle tax evasion case

McDonald's to pay France €1.2 billion to settle tax evasion case

French prosecutors alleged that the US fast food giant was hiding French profits in Luxembourg, where taxes are lower, from 2009 to 2020 and reporting artificially low profits in France.
McDonald's has agreed to pay France €1.2 billion (£1 billion) to settle a case in which the fast-food giant was accused of years of tax evasion.

French prosecutors alleged that the US fast food giant was hiding French profits in Luxembourg, where taxes are lower, from 2009 to 2020 and reporting artificially low profits in France.

The company was accused of doing this by diverting fees paid by its franchise restaurants in France to units in other countries, which reduced its taxable income.

French media first reported in 2014 that authorities were investigating royalties sent to a McDonald's subsidiary in Luxembourg.

Following a legal complaint by unions in 2016, a tax fraud probe was launched and McDonald's French headquarters were searched.

McDonald's lawyers said the settlement was not an admission of guilt.

"It's a judicial agreement… to avoid a trial, which is a very long and inevitably uncertain process," lawyer Denis Chemla told reporters.

McDonald's is the latest in a string of multinational firms that have been accused of tax dodging.

Google, now Alphabet Inc, agreed to pay France $1 billion in 2019 in a similar settlement after being accused of unfairly shifting profits in the country.

McDonald's has 1,500 restaurants in France, many of which are franchises and pay a licensing fee for using the brand, IT systems and restaurant decoration.

The company said the settlement covered the use of its brand and know-how for the years from 2009 to 2020.

The tax and criminal cases it faces in France will now be closed.

McDonald's France, McDonald's System of France, MCD Luxembourg Real Estate and other related companies agreed to pay the fines, penalties and back taxes worth €1.2 billion.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
×