COMPANIES

McDonald's France Denies Allegations of Tax Evasion

McDonald's France Denies Allegations of Tax Evasion

McDonald's France confirmed on Wednesday (January 22) that tax inspectors visited its local headquarters but denied any wrongdoing after French media reported it had transferred over €2.2 billion abroad since 2009 to dodge taxes.
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Deutsche Bank Profits Plunge on Scandal Fines

Deutsche Bank Profits Plunge on Scandal Fines

German shares opened lower on Monday (January 20), tracking losses on Wall Street and in Asia, with banking shares coming under scrutiny after Deutsche Bank posted a surprise pre-tax loss of €1.15 billion (£950 million).