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EU says McDonald's, Luxembourg tax deal not illegal

Wednesday, September 19, 2018 - 01:29

McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators have ruled, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws. As Pascale Davies reports, the decision by the European Commission was part of its crackdown against illegal sweetheart deals between EU governments and multinationals.

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McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators have ruled, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws. As Pascale Davies reports, the decision by the European Commission was part of its crackdown against illegal sweetheart deals between EU governments and multinationals.

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EU says McDonald's, Luxembourg tax deal not illegal

Wednesday, September 19, 2018 - 01:29