McDonald's France has confirmed tax inspectors visited its local headquarters but denied wrongdoing after French media reported it had transferred over 2.2 billion euros ($3 billion) abroad since 2009 to dodge taxes.
The French arm of the U.S. hamburger chain said in a statement it cooperated with inspectors who visited its headquarters near Paris last October as part of what it said was a regular check.
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"McDonald's firmly denies the accusation made by l'Express according to which McDonald's supposedly hid part of its revenue from taxes in France," it said in a statement issued late Tuesday, referring to the media group that owns the l'Expansion business website on which the report appeared.
L'Expansion reported that tax inspectors visited the site on October 15 as part of a probe into the suspected transfer since 2009 of around 330 to 650 million euros of revenue per year to Switzerland and Luxembourg.
McDonald's France said the group and its 314 local franchises paid corporate taxes in full to the French state, amounting to 1 billion euros since 2009.
