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McKinsey’s Paris Offices Raided by French Police in Tax Case (1)

May 24, 2022, 12:39 PM

McKinsey & Co.’s Paris offices were raided by police in the latest escalation of a controversy over whether the US consulting firm paid any French corporate taxes in the last decade despite earning millions of euros on government projects.

Prosecutors confirmed that evidence-gathering searches had begun on Tuesday. Last month, financial prosecutors at the Parquet National Financier said they had opened a probe into McKinsey to look into suspicions of laundering of tax-fraud proceeds.

McKinsey said it’s cooperating with authorities and provided all the information required by prosecutors during the raid. The firm added in the statement that it ...