McDonald’s is Dodging European Taxes. Who’s Surprised?

A just-released report by several trade unions says European tax authorities might want to give McDonald’s accounting books a perusal. “Unhappy Meal,” as the document is titled (of course), lays it all out: McDonald’s Europe allegedly uses a loophole in Luxembourg to dodge taxes it probably should be paying in larger European markets like England, France, and Italy. By cleverly funneling revenue “into a tiny Luxembourg-based subsidiary with a Swiss branch,” the report claims, McDonald’s has conveniently avoided paying more than $1 billion in taxes between 2009 and 2013.

Read the rest on Grub Street.

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