Egg Industry News and Commentary

  —  Apr 19

 
McDonald’s Faces EU Tax Probe

    

Following an investigation of Apple, the European Commission may now demand tax payments from McDonald’s Corporation. 

The Director of the Competition Commission of the E.U. Margarethe Vestager maintains that multinational companies including Amazon and McDonald’s have “squirreled away money in tax havens out of the reach of authorities in the countries where they make most of their sales.”

  

McDonald’s will move its European headquarters from Luxembourg in favor a non-U.S. tax base in the UK where a new holding company will be established to receive royalties and licensing fees for intellectual property earned outside the U.S.

In 2016, then U.S. Treasury Secretary Jacob Lew complained to EU Commission President Jean-Claude Juncker over “disturbing international tax precedents”.