McDonald's to pay France $1.3 billion in tax fraud case

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McDonald's France and related companies have agreed to pay over $1.3 billion to the French state to settle a case in which the fast food giant was accused of years of tax evasion The French national financial prosecutor's office says a Paris court has approved the settlement McDonald's says the settlement was the result of productive discussions with French tax authorities The decision means a tax for investigation targeting the company opened after a legal complaint by unions in 2016 will be closed The prosecutor's office says McDonald's France McDonald's system of France MC Luxembourg real estate and other related companies agreed to pay a total of $1.29 billion in fines penalties and back taxes to settle the case of the years of negotiations

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