McDonald's French Headquarters Searched in Tax Probe
May 26 2016 - 1:10PM
Dow Jones News
PARIS—French police raided McDonald's France headquarters last
week in connection to a tax fraud probe, making the fast food chain
the latest U.S. company to come under renewed fire in France for
the way it pays its taxes.
Police officers from a unit fighting corruption and financial
crime took part in the raid, which targeted McDonald's France
headquarters in Guyancourt, west of Paris.
A police officer said documents and computers were seized during
the raid.
"McDonald's France can confirm that a search took place at the
company headquarters on 18 May 2016," a McDonald's spokesperson
said. "McDonald's is cooperating fully with the authorities on this
matter."
News of the raid comes after dozens of tax investigators swooped
into Google's French headquarters on Tuesday in a surprise raid,
escalating a tax dispute in which French authorities have sought
more than €1 billion ($1.11 billion) from the search firm.
McDonald's is relatively popular in France and had more than
1,285 restaurants across the country at the end of 2013, according
to the company's French website.
Inti Ladauro contributed to this article.
(END) Dow Jones Newswires
May 26, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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