America’s fast food giant McDonalds is being accused of setting up an elaborate tax avoidance scheme. Labour unions backed by the War on Want
ADVERTISEMENTAmerica’s fast food giant McDonalds is being accused of setting up an elaborate tax avoidance scheme.
Labour unions backed by the War on Want charity have asked the European Commission to expand an existing investigation into Fiat and Amazon to include the burger chain, and look into where more than a billion euros of unclaimed tax went between 2009 and 2013. They say revenues were routed through low-tax Luxembourg, making royalty payments to a subsidiary.
“More and more companies do it, it’s becoming almost impossible to supervise the companies, while millions of citizens have to pay their taxes everywhere,” says the European Union Public Services’ Federation’s Pablo Sanchez.
McDonalds insists its actions have respected existing legislation and that it has done nothing wrong. The fast-food firm adds its tax bill last year in France alone was over a billion euros.