McDonald's agreed to pay France $1.3 billion to resolve a 10-year tax lawsuit.
McDonald's pays France $1.3 billion to resolve a tax-invasion case. Includes a $530 million public interest fine.
France's financial prosecutor called it the largest settlement in French legal history.
McDonald's has agreed to pay France €1.25 billion (about $1.3 billion) to resolve a tax case, France's financial prosecutor announced Thursday.
This includes a €510 million public interest charge and €737 billion in unpaid taxes from 2009 to 2020, The Times reported.
France's financial prosecutor Jean-François Bohnert said McDonald's will pay 1.5 times the taxes it avoided.
The Times reports that Bohnert said this was the largest settlement in French court history and the maximum amount allowed by law.
McDonald's allegedly shifted franchise fees from France to Luxembourg to minimise its French tax burden, according to The Times. Reuters reported the claims in 2014.
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