THE CHEKING PROCESS – A senatorial report assures that the prestigious firm is a “caricatural example of tax optimization”. How? ‘Or’ What ?
THE QUESTION. McKinsey in the eye of the storm. Revealed by our colleagues from Politico, the involvement of consulting firms in the definition of public policies, including the tricolor vaccine campaign, has caused a stir among several political leaders. The result of several months’ work, a report by a Senate inquiry committee “on the growing influence of private consulting firms on public policycame to highlight certain practices, including the use oftax optimization” in France.
Read also“McKinsey never enters the field of political decision-making»
“The McKinsey firm is subject to corporation tax (IS) in France but its payments have been zero euros for at least 10 years“, concludes the commission, describing the situation as a “cartoonish example of tax optimization“. This observation is also contrary to the statementssworn under oathby the associate director of the firm, Karim Tadjeddine: in mid-January, he had thus assured that “we pay corporate tax in France and all salaries are in a company governed by French law which pays its taxes in France“.
So, does the firm really pay its corporation tax in France? If not, how does he avoid this?
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