EC to probe McDonald’s tax arrangements with LuxembourgThe European Commission is to investigate McDonald’s over a tax arrangement with Luxembourg. It is not known what aspect of the group’s Luxembourg tax arrangements has triggered the state aid investigation but the decision to launch the probe follows a report on the “LuxLeaks” documents from the charity War on Want and a coalition of union groups. They claim McDonald’s has avoided €1bn in tax payments across Europe. The report focused on the period between 2009 and 2013 when the firm relocated its European headquarters from London to Switzerland and set up a holding company for intellectual property in Luxembourg. A statement from the company read: “From 2010-14, the McDonald’s companies paid more than $2.1bn in corporate taxes in the European Union, with an average tax rate of almost 27%.”
Taxing your Big Mac
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The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.
