McDonald’s shifts tax base to UK amid EU scrutiny

McDonald’s has moved its non-US tax base to the UK, ditching Luxembourg where its tax arrangements are under attack from EU regulators and critics of corporate tax avoidance.

McDonald’s shifts tax base to UK amid EU scrutiny

In an apparent vote of confidence in the UK, which decided in June to leave the EU, the fast food giant is creating a new international holding company based in the country.

The new company will be responsible for most of the royalties received from licensing McDonald’s intellectual property rights outside the US.

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