McDonald’s Denies Magazine Report of French Tax Avoidance
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McDonald’s Corp. denied a magazine report that it avoided paying taxes related to more than $3 billion of revenue in France since 2009, saying inspections by fiscal authorities at its French unit were routine.
McDonald’s said in an e-mailed statement that it “firmly refutes” the allegation by L’Express. The magazine reported that the French finance ministry suspects McDonald’s of reducing its tax obligations in France by redirecting revenue via branches in Geneva and Luxembourg. L’Express didn’t cite anyone.