McDonald’s to move non-US tax base to UK


via BBC News – Business http://bbc.in/2gZKmoo

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McDonald's sign

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McDonald’s is to move its non-US tax base from Luxembourg to the UK, the company has said.

The new holding company will pay UK tax on the royalties the firm receives outside the US.

McDonald’s said it had chosen the UK due to the “significant number of staff” it has in London.

The Luxembourg tax affairs of the burger giant are currently under investigation by the European Commission.