McDonald's will pay a $1.3 billion settlement to the French government to avoid court proceedings regarding tax evasion charges, the company announced Thursday.
agreed to pay more than 1.2 billion Euros, or $1.3 billion, to settle a tax evasion case from the French government Thursday.of wrongfully shifting revenue to Luxembourg and Switzerland.
The settlement includes a 508 million-Euro payment, as well as 737 million Euros in back taxes and penalties."It's a judicial agreement.... to avoid a trial, which is a very long and inevitably uncertain process," lawyer Denis Chemla
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