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EU: Regulators query Luxembourg on McDonald’s tax avoidance

By  |  March 31, 2015

European Union antitrust regulators have asked Luxembourg for more information on its tax rulings on McDonald’s after labor unions and a charity accused the US fast food chain of avoiding taxes, a person involved in the issue said on Tuesday.

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    European Union antitrust regulators have asked Luxembourg for more information on its tax rulings on McDonald’s after labor unions and a charity accused the US fast food chain of avoiding taxes, a person involved in the issue said on Tuesday.

    Umbrella organizations for unions representing millions of workers in the United States and Europe and British-based charity War on Want last month urged the European Commission to investigate what they said involved about 1 billion euros (US$1.07 billion) in tax between 2009 and 2013.

    “The Commission has sent a letter to Luxembourg asking them to clarify the facts,” said Reuters.

     

    Full Content: Reuters

     

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