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McDonald’s Moves to End Twin French Tax Probes With Settlement

  • Criminal and civil settlements to be announced Thursday
  • Deal to end criminal case requires approval from Paris judge

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 Thursday from a Paris judge to settle the criminal case with French prosecutors that’ll include a fine but no guilty plea, said the people, who asked not to be identified because the matter is private. A parallel civil tax settlement with French authorities is expected to be detailed on the same day.