Breaking news on the Daily Politics that McDonalds are moving from Luxembourg to the UK and will be paying tax here on all of it's non-US operations

McDonald’s Corp. says it will create a new holding company based in the U.K., where it will pay tax for most of the royalties it receives on fast food sales outside the U.S., Bloomberg News reports.

The move comes after the EU launched a probe into the company's tax arrangements in Luxembourg in December 2015.

In an e-mailed statement, the company said it would create a new corporate structure in the new year, which will create a new U.K. unit “with responsibility for the majority of the royalties received from licensing the company’s global intellectual property rights outside the United States.”

The profits of this new holding company will pay U.K. corporation tax.

https://www.bloomberg.com/news/artic...bourg-iwgc5sbe

They get the banks, we get the burgers.

Beat me to it

Junker loses junk food. They may try to take our banks, but we'll take their fries.

Possibly not something the EU wanted to happen, but to be expected following EU investigations into the tax arrangements Junker encouraged for Luxembourg.

Sorry

Does anyone know how much revenue this may bring in ?

Great news. McDonalds, a very respected food chain that provides a cheap service for working class folk and creates millions of jobs for those without degrees or qualifications such as students who are studying

This should give some idea

https://www.statista.com/statistics/...raphic-region/

But, but, this can't possibly be true, we all know cos of Brexit they are all headed the other way.

Thank you

Most of the stats are behind a paywall but from what you can see for free- it seems like a substantial figure

Time exposes lies.

Chased out of Luxembourg and the EU.

"Where next Ronald?"
"The UK!! they're in a vulnerable position, we'll get years of anti-competitive tax minimisation out of them before they realise were no good"

Da-da-da DAH DAH... Were loving it...

Good news for the UK. Bad news for the remainiacs.

The Sausage and Egg McMuffin is the finest foodstuff known to man.

I despise McDonalds. Everything about them from their rape of the rain forests to their vile food offerings.
But beggars can't be choosers, can they.

Bring back The Big Breakfest.

Enough of this fancy stuff.

I wonder if the referendum vote could be divided along pro or anti McDonalds lines?

So we're now officially a tax haven outside of the reach of proper regulation . . . . .

Good News


http://www.reuters.com/article/us-eu...0TM17J20151203

They'l look to pay no Corporation tax, employ less than 20 people at the new HQ and funnel money through the UK HQ into some other Tax haven where the money will sit collecting dust. Pointless

Yay, more monies for the government to spend on useless things like Trident and HS2

This would be the Luxembourg tax regime overseen by a certain Jean-Claude Juncker.

Just saw this tweet is on the BBC Business page

McDonalds says it selected UK as new tax base because of staff, language and 'connection to other markets'. Paid $2.5bn in tax in EU 2011-15

12:33 PM - 8 Dec 2016

That's exactly what it is about...

"Jump a soft tax arrangement for us will y'all Tessie"

"Of course...how high shall I jump and would one like fries with it...easy to steal them out the mouths of the JAMs...and while we are on the subject of jam..."

"Jam??? What's this jam stuff...oh y'all mean JELLY"

"Whichever it is...there's enough people over here still believe there will be jam tomorrow"

I hate McDonalds and the people who go in and eat their food. Go into a McDonald's "restaurant" and you see the typical evil adidas wearing neds to the older gentlemen, to students to stupid kids, from the chubby fatties to the anorexic which gets on my nerves. I personally wouldn't go into one without a second amendment right, something that stupid Brits (the English, Scots and Welsh) don't understand.

Oh, please stop it!

NURSE! NURSE!

Blimey, someone isn't wearing their happy pyjamas 😛

Just to explain, if you're big business it's a choice between an established G7 and a Germany mired by association with a bunch of minnow basket cases. Like, as a commercial decision it isn't even close ...