French prosecutors to investigate McKinsey's alleged tax fraud

French financial prosecutors have opened a preliminary investigation into suspected tax fraud by American management consulting firm McKinsey & Company.

The national financial prosecutor's office said Wednesday the investigation was launched last week for alleged “money-laundering aggravated by tax fraud”. A report by the French Senate issued last month said McKinsey had not paid corporate profit taxes in the country since at least 2011. AP/PTI

 

Erdogan changes Turkey’s electoral laws to bolster rule

Turkey’s Recep Tayyip Erdogan approved on Wednesday a set of changes to the country’s electoral rules that would bolster his party’s prospects and consolidate the shift toward an all-powerful