McDonald’s Accused by Unions of Super-Sized Tax Avoidance in EU
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McDonald’s Corp. was accused by trade unions of dodging more than 1 billion euros ($1.13 billion) in taxes across Europe in another example of Luxembourg helping multinationals to slash their tax liabilities.
McDonald’s routed billions of euros in royalties from its European operations to benefit from a Luxembourg tax loophole, according to a report published Wednesday by a coalition of European and U.S. labor groups.