Mcdonald’s moved to Great Britain fiscal domicile of activities outside of U.S. – ElEspectador.com

Mcdonald’s on Thursday announced that it will transfer its tax domicile to the majority of its operations outside of the united States to Great Britain after the European Commission threatened its profits in Luxembourg.

Mcdonald’s installs a new holding company in Britain to cover its benefits in most of their establishments outside the united States, the company said. Your earnings will be subject to tax rules british companies, he added.

The group will establish ‘their headquarters and domicile in the Uk for tax reasons”, stressed a spokesman to AFP.

“All the benefits of the new holding company international will be subject to the tax rates of british companies”, he reiterated.

These changes, which will apply from January 2017, will involve the closure of the administrative offices of the giant world of fast food in Geneva (Switzerland).

The offices in Luxembourg will continue to be responsible for the restaurants of the brand in the country, although some functions will be transferred to the United Kingdom.

The european subsidiary of Mcdonald’s recorded a profit of 540,6 million dollars in 2015. On those profits, the group paid $ 3.8 million in tax to the luxembourg authorities, which granted a preferential-rate.

critics argue that Mcdonald’s should have paid more.

Mcdonald’s defended himself on Thursday saying that he paid more than 2,500 million dollars in taxes to the European Union between 2011 and 2015, stating that your tax rate in that period was 27% on average.

The ads of Mcdonald’s arise weeks after the European Commission presented a draft tax reform for companies, which seeks to put an end to preferential tax rates granted by some States, such as Luxembourg and Ireland to american multinationals.

The main measure of the project is the implementation of a “common plan consolidated for the tax to companies” (Accis), which is supposed to allow companies to have uniform rules to calculate their taxable profits in the EU as a whole.

The European Commission claims, for example, Apple, domiciled for tax purposes in Ireland for its international operations, to repay more than 13,000 million euros resulting from tax exemptions.