You are here: Home » International » News » Others
Business Standard

French prosecutors to investigate McKinsey's alleged 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

McKinsey scandal | Money laundering  | Recep Tayyip Erdogan


McKinsey to help Usha Martin wade through debt

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 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 presidency.

The amendments reduce the threshold for a party to enter parliament but make it harder for smaller parties to win seats on their own, forcing them to run on tickets dominated by bigger rivals. The changes also close a loophole that would have allowed the country’s main pro-Kurdish party, to circumvent a potential ban. BLOOMBERG

wins copyright case over hit ‘Shape of You’

Grammy Award-winning songwriter won a UK copyright battle over his 2017 hit “Shape of You” on Wednesday, then slammed what he described as a “culture” of baseless lawsuits intended to squeeze money out of artists eager to avoid the expense of a trial.

The British pop star and his co-writers, Snow Patrol's John McDaid and producer Steven McCutcheon, had denied allegations that the song copied part of 2015's “Oh Why” by Sami Chokri, who performs under the name Sami Switch. AP/PTI

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 06 2022. 23:25 IST