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search at the French headquarters of the American cabinet

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Targeted by an investigation for aggravated laundering of tax evasion by the national financial prosecutor’s office, the consulting firm McKinsey was searched on Tuesday. American society is at the heart of a controversy over the use deemed abusive of this type of company by the French State under the presidency of Emmanuel Macron.

A search was underway on Tuesday, May 24, at the French headquarters of the American consulting firm McKinsey, avenue des Champs-Élysées, in Paris, as part of the preliminary investigation opened on March 31 for aggravated laundering of tax fraud, confirmed the National Financial Prosecutor’s Office (PNF).

The PNF opened this investigation following the report of the Senate inquiry committee on the influence of private consulting firms on public policy, during Emmanuel Macron’s first five-year term.

The French entities of the McKinsey firm were accused of having put in place a tax arrangement allowing them to pay no corporate tax between 2011 and 2020.

Controversy over the use of public funds

In this report submitted on March 16, this commission, initiated by the small group CRCE with a communist majority, assured that the contracts concluded between the State and several consulting firms had “more than doubled” between 2018 and 2021, reaching a record amount. more than one billion euros in 2021.

McKinsey defended itself by claiming to respect French tax rules, stating that one of its subsidiaries had paid corporation tax for six years over the period mentioned by the Senate.

The revelations of the commission of inquiry had sparked heated controversy during the presidential campaign over the use of public funds.

The opposition had repeatedly called for the opening of an investigation into what it considers to be favoritism which the Macronist majority would show for the benefit of this consulting firm, some of whose members were able to work for the Macronie, in particular during of the 2017 presidential election.

“If there is evidence of manipulation, let it go to the criminal court”

Then candidate, Emmanuel Macron had estimated, in particular, that the non-payment of corporate tax by McKinsey was explained by the tax rules in force. “If there is evidence of manipulation, let it go to the criminal”, he had retorted on March 27 to those who reproached him for these numerous contracts.

After “verifications”, the PNF opened an investigation on March 31 on the tax side, entrusted to the Service of judicial investigations of finances (SEJF).

It was financial prosecutor Jean-François Bohnert who announced it on April 6, four days before the first round of the presidential election, in a statement that did not mention McKinsey’s name.

The SEJF is a “tax police” service created in 2019 and placed under the supervision of Bercy.

With AFP and Reuters

France 24-Trans

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