McDonald’s international tax-dodging exposed

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Feeling the pressure: The international challenge to the fast food giant McDonald’s's tax arrangements comes hot on the heels of this strike action by British underpaid staffFrom daily The Morning Star in Britain:

Wednesday, May 16, 2018

Unions expose McDonald’s international tax-dodging

INTERNATIONAL tax cheat McDonald’s has spent the past three years overhauling its financial structures to hide its money from inspectors, a coalition of trade unions charged yesterday.

A new report published by European and US unions showed that McDonald’s, being investigated by the European Commission, moved its international tax base from Luxembourg to the UK a day after the Brexit referendum.

Britain and its overseas territories form the world’s biggest tax haven.

Meanwhile McDonald’s moved its European franchising operation from Luxembourg to Delaware, a notorious US tax haven, and brought in a whole host of intermediary companies across the world.

It has had the effect of drastically limiting the amount of information the corporate giant has to publish about its financial dealings.

The EPSU, EFFAT and SEIU unions which published the…

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