McDonald’s to pay $1.3B to settle French tax cases

McDonald’s Corp. agreed to pay 1.25 billion euros ($1.3 billion) to settle probes in France where the Big Mac maker was accused of dodging taxes by unirly shifting revenue tofa Luxembourg and Switzerland. The twin settlements involve a 508 million-euro deal to end a French criminal probe into tax fraud allegations as well as the … Read more

McDonald’s moves to end twin French tax probes with settlement

McDonald’s Corp. reached twin settlements with French criminal and tax authorities that are set to be revealed as soon as Thursday as it seeks to end cases into allegations it unfairly shifted profits out of the country to avoid paying more tax, according to people familiar with the issue. McDonald’s is due to seek approval … Read more