(AOF) – The Directorate General of Public Finances welcomed the legal agreement of public interest (CJIP) signed between the National Financial Prosecutor’s Office (PNF) and companies of the McDonald’s group. They agreed to pay corporate tax adjustments (duties and penalties) of €609 million and a public interest fine of €508 million over a period from 2009 to 2020,
These are the highest amounts obtained in the context of these tax procedures, said the Directorate General of Public Finances.
The dispute between the Mc Donald’s group and the French Public Finances concerned the abusive practice of royalties (transfer pricing) between the French subsidiary and other group entities located abroad.
These coordinated actions of the judicial authority and the tax administration make it possible to put an end to the litigation relating to the taxation of the French activity of the Mc Donald’s group.
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Small amusement parks struggling
Declining turnover, investments to be made: these players are not getting their heads above water. These parks, which welcome 100,000 to 350,000 visitors per year, had to reduce their investments following the health crisis. But every year they invest between 10% and 20% of their turnover to create something new and attract new customers from a little further away and build loyalty. Many of these players, who have gone into debt to cope with the crisis, will soon have to repay their state-guaranteed loans (PGEs). At the end of the first year, companies can decide to reimburse their PGE immediately, amortize it over 1 to 5 additional years, or mix these two solutions. Faced with a period that it considers insufficient, the National Union of Leisure, Attraction and Cultural Spaces (Snelac) is asking that the EMP be transformed into investment aid for the sector or that it be extended to 15 years.