Europe suspects McDonald’s in violation of tax legislation

Europe suspects McDonald’s in violation of tax legislation

03.12.2015 News

2012-01-0404-mcdonaldsThe chain of one of the world’s most popular fast food restaurants McDonald’s is suspected in violating tax laws in Europe.

Today, the European Commissioner for Competition Margaret Vestager plans to announce a formal investigation into tax treaties with Luxembourg McDonald’s – reports Reuters with reference to informed sources.

The investigation is scheduled to consider McDonald’s violation of European legislation. The company allegedly was trying to circumvent the law by moving profits in corporate offices and to pay the least tax.

A spokesman for the European Commission Ricardo Cardoso declined to comment on the situation.

McDonald’s representatives said that have not yet received any formal charges and expressed confidence in the fact that any investigation would be resolved favorably.

“McDonald’s operations in line with European tax law, the company pays a large amount of corporate income tax. As a fact, from 2010 to 2014 the amount of income tax paid by the McDonald’s company  in the European Union amounted to more than $ 2.1 billion. In addition, the property tax, social taxes, and others are paid.” – McDonald’s says in their message.

Tax activity of the McDonald’s company  has long aroused the suspicions of NGOs.For example, well-known figures of the London War or Want accused the popular fast-food chain that they did not pay in full to the European treasury $ 1 billion between 2009 and 2013. On its website the organization “shamed” McDonald’s for such an attitude to the European tax and the laws, and urged regulators to address the issue of the investigation of this case.

Source: www.usatoday.com

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