McDonald’s to pay 1.25 bn euros to settle French tax case

Paris: McDonald’s pays 1.25 billion euros ($1.3 billion) in France to keep away from a authorized case over tax evasion between 2009 and 2020, below an settlement accredited Thursday by a Paris courtroom.

Decide Stephane Noel confirmed the second-biggest tax settlement in French historical past, made up of a 508-million-euro nice and 737 million in again taxes already agreed in Could, years after McDonald’s was accused of reporting artificially decrease earnings to cut back its tax invoice.