Last updated: January 17, 2018

McDonald’s moves non-US tax HQ to Britain from Luxembourg

McDonald's is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United StatesMcDonald's will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald's is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United States, shifting its tax base from Luxembourg. The profits will be subject to British tax, McDonald's said in a statement that was immediately welcomed by the British government, which is under pressure to preserve economic stability as the country prepares to leave the European Union.



Europe News Headlines – Yahoo! News

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