Industry. GE Belfort: The inter-union files a tax evasion complaint

On Tuesday, the Economic Social Committee (CSE), and the General Electric interunion in Belfort reported that they had filed a formal complaint with the National Financial Prosecutor's Office for tax evasion laundering.

Industry. GE Belfort: The inter-union files a tax evasion complaint

On Tuesday, the Economic Social Committee (CSE), and the General Electric interunion in Belfort reported that they had filed a formal complaint with the National Financial Prosecutor's Office for tax evasion laundering. This was primarily pointing out the tax evasion tactics of the American group.

Since December last year, the inter-union and Social and Economic Committee took action against GE. They believed that the tax optimization arrangements had exceeded the red line and could be considered criminal fraud on the right of employee participation.

During a Belfort press conference Eva Joly, lawyer for CSE and CFE-CGC, stated that X was being charged with tax evasion and breach of trust as well as forgery, use of forgery, and aggravated concealment within an organized gang.

The tax practices of the American conglomerate are condemned by the plaintiffs. The American multinational has squandered more than 500 million euro from Belfort's turbine plant purchased from Alstom in 2015. This was according to Me Eva Joly, unions, and other tax experts.

"We have shown that there was an artificial decrease (of the profits at the Belfort site over the period 2016 to 2019) of 555 millions euros," said the former MEP and investigating judge. Specialized in fighting corruption.

Philippe Petitcolin (CFE-CGC union representative, secretary of CSE) said, "Since 2018, I have done a lot more analysis, expertise, and we have noticed a certain number non-conformities."

"Despite the reports, the meetings, the information we have provided to the tax authorities over four years, nothing has changed, and General Electric's tax evasion continues. Sud, CFE-CGC, and the CSE have taken control of the office of the national financial prosecutor.

Monday's French tax administration denied that it had validated a tax optimization program for American industrial giant General Electric (GE) which would have allowed it transfer hundreds of millions euros in profits overseas.

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