EU Ends Tax Probe Into McDonald’s With a Rare Reprieve
- Regulators say tax deals with Luxembourg didn’t break law
- Still, Vestager says situation ‘was not how it should be’
Photographer: Brent Lewin/Bloomberg
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McDonald’s Corp. won a rare reprieve from European Union competition regulators cracking down on unfair fiscal deals for multinational firms.
The Big Mac maker escaped the fate of other big U.S. companies ordered to repay back taxes to EU nations after officials concluded that a pact with Luxembourg didn’t break the law. The arrangement allowed the company to side step taxes on its profits in the tiny country that’s been at the center of a wave of tax probes.