McDonald's French HQ raided in tax probe

GMT 14:53 2016 Thursday ,26 May

Arab Today, arab today McDonald's French HQ raided in tax probe

French police
Paris - Arab Today

French police said Thursday they raided the French headquarters of McDonald's last week as part of a tax fraud probe.

Agents of a special corruption, financial and tax crime unit searched the premises west of Paris on May 18, seizing documents, a police source said.

French authorities suspect McDonald's has been illegally lowering its tax bill by channelling French earnings to Luxembourg, where its European headquarters is based, and where corporate taxes are much lower.



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