McDonald’s settles tax evasion case ...News

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McDonald’s settles tax evasion case
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The fast-food giant has agreed to a hefty fine to avoid criminal prosecution in France US fast-food chain McDonald’s will pay €1.25 billion ($1.3 billion) in France to avoid prosecution over tax evasion between 2009 and 2020, AFP reports, citing an agreement approved on Thursday by a Paris court. It is reportedly the second-biggest tax settlement in French history, made up of a 508-million-euro fine and a €737 million in back taxes already agreed in May. It comes years after the US company was accused of reporting artificially low profits to reduce its tax bill. “On condition of payment of the fine, the validation

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