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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
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French Investigators Have Raided McDonald’s Headquarters in Paris

By
Reuters
Reuters
and
Audrey Shi
Audrey Shi
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By
Reuters
Reuters
and
Audrey Shi
Audrey Shi
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May 26, 2016, 2:34 PM ET

French investigators searched McDonald’s (MCD) French headquarters on May 18, targeting the U.S. fast food chain in a tax probe, sources with knowledge of the matter told Reuters on Thursday.

One of the sources said a preliminary inquiry had been opened after former investigating magistrate and politician Eva Joly filed a lawsuit in December on the behalf of an employee committee.

“A search was indeed carried out at McDonald’s headquarters in France on May 18,” the other source said, confirming a report first carried by Les Echos business daily.

French business magazine L’Expansion reported last month that authorities had sent McDonald’s France a 300 million euro ($336 million) bill for unpaid taxes on profits believed to have been funneled through Luxembourg and Switzerland.

McDonald’s declined to comment on the search, referring back to past comments that it is proud to be one of the biggest tax payers in France.

A spokeswoman for the French budget ministry declined to comment because of the confidentiality of particular tax matters.

News of the search emerged after dozens of French police raided Google’s (GOOGL) Paris headquarters on Tuesday as part of an tax evasion investigation.

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