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France bills McDonald’s for 300m euros in unpaid tax

Magazine L'Expansion says French demand is for unpaid taxes on profits believed to have been funnelled through Luxembourg and Switzerland.

La rédaction de Mediapart

This article is freely available.

French authorities have sent McDonald's France a €300 million ($341 million) bill for unpaid taxes on profits believed to have been funnelled through Luxembourg and Switzerland, business magazine L'Expansion reported on Tuesday, reports The Independent.

It said tax officials had accused the giant US burger chain of using a Luxembourg-based entity, McD Europe Franchising, to shift profits to lower-tax jurisdictions by billing the French division excessively for use of the company brand and other services.

McDonald's France declined to comment on developments in the ongoing French tax investigation, first reported in 2014.

Read more of this report from The Independent.