Three former McDonald’s executives taken into custody on suspicion of tax evasion

VShe managers are Denis Hennequin, CEO of McDonald’s Europe in 2009, Jean-Pierre Petit, CEO of the chain in France, and Salvatore Perri, former CEO of France and Southern Europe.

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Three former McDonald’s executives were taken into custody on Wednesday March 24 as part of a preliminary investigation by the National Financial Prosecutor’s Office (PNF) on suspicion of tax evasion. They were summoned to the premises of the Office dedicated to the fight against financial and fiscal offenses (OCLCIFF), the PNF told AFP, confirming information from the Chained Duck. These managers are Denis Hennequin, CEO in 2009 of McDonald’s Europe, Jean-Pierre Petit, CEO of the brand in France, and Salvatore Perri, former CEO of France and Southern Europe.

It was the conclusion of an agreement in 2009 between the parent company of McDonald’s and its French subsidiary that aroused suspicion. This agreement provided that part of the profits earned by the French subsidiary would be returned to the United States, thus escaping tax. According to The chained Duck, the French tax authorities hope to recover “from 300 to 600 million euros, even a billion”.

Questioned by AFP, McDonald’s France claims to declare “its activities in France and [payer] all taxes due in accordance with the laws in force “. She adds to figure, “for example, among the largest contributors to corporate income tax”. And specifies having, with its franchisees, paid between 2009 and 2013 “a cumulative corporate tax of more than one billion euros in France”.

The brand claims to collaborate with the judicial authorities and continue “to date to maintain, on behalf of its shareholder, regular and technical exchanges on the complex issue of the value of brand and know-how royalties with all the administrations and competent authorities”. Established in France since 1979, McDonald’s France has some 75,000 employees and plans to exceed 1,500 restaurants in France with around thirty openings in 2021.

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