2024 Author: Jasmine Walkman | [email protected]. Last modified: 2023-12-16 08:29
The European Commission will investigate McDonald's for tax evasion, the Wall Street Journal reported, citing its sources, who requested anonymity.
The information says that the international company evaded taxes in Luxembourg and the Netherlands. In both European countries, tax policy allows for a prior agreement with the authorities to determine the annual amount of taxes.
The European Commission is expected to confirm the news and check the agreement between McDonald's and the authorities in Luxembourg in the coming days, as it is believed that European legislation has been violated.
The commission has sent an inquiry to the authorities in Luxembourg with a request for full details of the agreement with the American fast food chain.
It is estimated that between 2009 and 2013, McDonald's evaded 1 billion euros from taxes in the European Union. According to the analysis of the European Commission, for the same period the company paid 194 million euros less in taxes to Luxembourg.
If it is proven that McDonald's evaded taxes, they will have to pay a huge amount to the state. Representatives of the chain have already commented that they have complied with the tax laws of each country in which they have sites.
Between 2010 and 2014, the company paid 2.1 billion euros in taxes to Europe, according to McDonald's. The fast food chain is confident in its correctness and even insists on being checked, as rumors of unproven rumors can hurt their sales.
Every day, McDonald's serves 68 million people a day, which is nearly 1% of the world's population.
Another large food chain, Starbusk, is being investigated for such tax evasion. According to unconfirmed information, they also took the opportunity to negotiate with the authorities in Luxembourg and thus damaged the treasury of the European Union.
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