Elizabeth Stevens Comments on Tax Fraud Investigation Against McKinsey in The Hill
After pledging to shell out more than half a billion dollars over its role in the U.S. opioid crisis and promising to give back tens of millions to companies in South Africa following corruption probes, the hugely influential management consulting company McKinsey has found itself at the center of another investigation, this time in France.
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“Transfer pricing often gets depicted as voodoo magic,” Elizabeth J. Stevens, an international tax attorney at Caplin Drysdale, said in an interview. “But it’s a set of rules that companies are required to comply with. The issue here is not that McKinsey engaged in transfer pricing, the issue is that it allegedly didn’t follow the rules.”
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