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		</div><p>McDonald’s France and related companies have agreed to pay more than €1.2 billion to the French state to settle a case in which the fast-food giant was accused of years of tax evasion.</p>
<p>A Paris court approved the settlement on Thursday, the national financial prosecutor’s office said.</p>
<p>McDonald’s said the settlement was the result of “productive discussions” with tax authorities.</p>
<p>The decision means a tax fraud investigation targeting the company, opened after a legal complaint by unions in 2016, will be closed.</p>
<p>The prosecutor’s office said McDonald’s France, McDonald’s System of France, MCD Luxembourg Real Estate and other related companies agreed to pay a total of €1.24 billion in fines, penalties and back taxes to settle the case after years of negotiations.</p>
<p>The company was accused of hiding French profits in lower-tax Luxembourg from 2009 to 2020, and reporting artificially low profits in France.</p>
<p>McDonald’s said in a statement that it had already paid €2.2 billion in taxes over that period. It did not comment on the accusations.</p>
<p>“The majority of the anticipated tax settlement has already been accrued for” and was reflected in the company’s last quarterly earnings, and the remainder will be reflected in its second-quarter results, the company said.</p>
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