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Dec
2015
Friday 4th
posted by Morning Star in World

BURGER chain McDonald’s is under investigation by the EU over charges it struck a “sweetheart” tax deal with Luxembourg.

The European Commission (EC) said the probe will look at deals alleged to have been struck by the global giant to avoid paying taxes in Luxembourg and the US.

The EC said the European arm of McDonald’s has paid virtually no corporation tax in Luxembourg or the US since 2009, despite making more than €250 million (£177m) in 2013 alone.

British charity ActionAid tax-justice policy adviser Anders Dahlbeck said that, if proven, the alleged “McTax Break” would just be the latest in a long string of corporate tax giveaways in both the developed and developing worlds.

ActionAid estimates that special tax breaks cost developing countries at least $138 billion per year.

“We need a fairer global tax system which ends the race to the bottom on tax and supports developing countries,” Mr Dahlbeck said.




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