Recently accused of not paying taxes on French territory, the American firm McKinsey defended itself this Saturday, March 26.
In a statement, the consultancy said it “respects the French tax and social rules applicable to it. McKinsey pays direct and indirect taxes due each year. It pays social charges for its employees in France”.
“Between 2011 and 2020, McKinsey paid more than 422 million euros in taxes and social charges, or nearly 20% of its cumulative turnover over the same period. All McKinsey entities in France are subject to corporation tax. Thus, over the same period, its implementing subsidiary paid corporation tax for 6 years”, details the document sent to the press. The firm, whose headquarters are based in New York in the United States, did not, however, specify the amount of corporate tax paid to France. 600 people work for him on our territory.
McKinsey sought to defend itself after a Senate committee accused it of tax avoidance, claiming that the consultancy paid no corporate tax to France between 2011 and 2020.
“Zero euros for at least 10 years”
“The McKinsey firm is indeed subject to corporation tax (IS) in France but its payments have been set at zero euros for at least 10 years”, announced the Commission of Inquiry into the influence of consulting firms. advice on public policy in a report submitted on March 17. The Minister of Finance, Bruno Lemaire, had reacted by explaining this American company “will pay what it owes” and that “all the procedures have already been initiated by the General Directorate of Public Finance”.
“Furthermore, despite what may have been suggested publicly, we retain from the report published by the Senate Committee that McKinsey represents around 1% of government purchases in non-IT consulting,” said also added the firm McKinsey in its press release.