France approves McDonald's to pay 1.245 billion euros to reconcile tax evasion disputes

France approves McDonald's to pay 1.245 billion euros to reconcile tax evasion disputes

Xinhua News Agency, Paris, June 16 (Reporter Liu Fang) According to French media reports on the 16th, McDonald's, a US fast -food chain giant, will pay 1.245 billion euros to France to avoid criminal prosecution due to tax evasion.This is the highest amount of tax evasion dispute settlement agreement reached by France and taxpayers so far.

According to Agence France -Presse, the Paris Court confirmed that McDonald's paid for 508 million euros of public welfare fines on the same day.In May of this year, McDonald's has reached an agreement with the French tax institution to agree to pay 737 million euros taxes, and investigations faced by suspected tax evasion.

McDonald's issued a statement on the 16th stating that seeing this legal dispute ended and promised "doing everything to abide by the law."

McDonald's has about 1,500 stores in France.French tax institutions began investigating McDonald's taxes in France in 2014. They suspected that McDonald's revenue in France was transferred to the European parent company in Luxembourg in an unfair way from 2009 to 2020.Taxable income.

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