singular_me
27th February 2015, 05:04 AM
funny... by the same token I'd love to see McD's balance sheet, all these corporations are just leveraged to death, they are fiat planetary black holes
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McDonald's Accused Of Evading More Than 1 Bln Euros In Taxes
By RTT News, February 25, 2015,
Civil society groups in Europe have accused fast-food giant McDonald's Corp. (
MCD
) of evading more than 1 billion euros or $1.1 billion in tax over five years between 2009 and 2013. The company is said to have managed low taxes by routing its royalty payments from Europe through its subsidiary based in tax havens such as Luxembourg.
The one billion euro tax evasion figure has been derived by calculating the actual tax on the royalties McDonald's received from European countries and major markets like France, the U.K., Italy, and Spain.
The group, consisting of labor unions and a charity group, are calling for the European Commission and respective national tax authorities to launch an investigation on the world's largest restaurant chain's tax practices and take appropriate measures.
Read more: http://www.nasdaq.com/article/mcdonalds-accused-of-evading-more-than-1-bln-euros-in-taxes-20150225-00771#ixzz3SwwimFMv
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McDonald's Accused Of Evading More Than 1 Bln Euros In Taxes
By RTT News, February 25, 2015,
Civil society groups in Europe have accused fast-food giant McDonald's Corp. (
MCD
) of evading more than 1 billion euros or $1.1 billion in tax over five years between 2009 and 2013. The company is said to have managed low taxes by routing its royalty payments from Europe through its subsidiary based in tax havens such as Luxembourg.
The one billion euro tax evasion figure has been derived by calculating the actual tax on the royalties McDonald's received from European countries and major markets like France, the U.K., Italy, and Spain.
The group, consisting of labor unions and a charity group, are calling for the European Commission and respective national tax authorities to launch an investigation on the world's largest restaurant chain's tax practices and take appropriate measures.
Read more: http://www.nasdaq.com/article/mcdonalds-accused-of-evading-more-than-1-bln-euros-in-taxes-20150225-00771#ixzz3SwwimFMv