EU’S MCDONALD’S PROBE SIGNALS CRACKDOWN ON DOUBLE TAXATION TREATY ABUSE
December 1st, 2015
THE EUROPEAN Commission has signalled it will be probing the possible abuse of bilateral double taxation treaties forged by European Union (EU) member states with non-EU countries, to detect tax avoidance.
The Commission has opened a formal investigation into how Luxembourg has taxed McDonald's, assessing concerns that it allowed the US fast-food giant to avoid paying tax on its EU royalties in the Grand Duchy. The Commission thinks that this could be considered a breach of EU state aid rules, unfairly helping Luxembourg-based companies, in this case McDonald's ...
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