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McDonalds to move from Luxembourg to the UK


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Old 08-12-2016, 12:55
Sam_Clarke1
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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
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Old 08-12-2016, 12:57
CLL Dodge
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They get the banks, we get the burgers.
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Old 08-12-2016, 12:59
Jayceef1
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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 operation

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
Beat me to it
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Old 08-12-2016, 13:01
Jellied Eel
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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.
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Old 08-12-2016, 13:07
Sam_Clarke1
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Sorry

Does anyone know how much revenue this may bring in ?
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Old 08-12-2016, 13:10
FusionFury
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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
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Old 08-12-2016, 13:13
Jayceef1
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Sorry

Does anyone know how much revenue this may bring in ?
This should give some idea

https://www.statista.com/statistics/...raphic-region/
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Old 08-12-2016, 13:13
jmclaugh
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But, but, this can't possibly be true, we all know cos of Brexit they are all headed the other way.
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Old 08-12-2016, 13:17
Sam_Clarke1
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Thank you

Most of the stats are behind a paywall but from what you can see for free- it seems like a substantial figure
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Old 08-12-2016, 13:19
FusionFury
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But, but, this can't possibly be true, we all know cos of Brexit they are all headed the other way.


Time exposes lies.
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Old 08-12-2016, 13:20
Bacon&Eggs
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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...
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Old 08-12-2016, 13:22
Gordon g
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Good news for the UK. Bad news for the remainiacs.
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Old 08-12-2016, 13:25
Straker
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The Sausage and Egg McMuffin is the finest foodstuff known to man.
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Old 08-12-2016, 13:26
alan29
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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.
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Old 08-12-2016, 13:26
FusionFury
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Bring back The Big Breakfest.

Enough of this fancy stuff.
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Old 08-12-2016, 13:28
alan29
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I wonder if the referendum vote could be divided along pro or anti McDonalds lines?
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Old 08-12-2016, 13:36
blueisthecolour
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So we're now officially a tax haven outside of the reach of proper regulation . . . . .
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Old 08-12-2016, 13:37
Bacon&Eggs
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Good news for the UK. Bad news for the remainiacs.
Good News

The EU competition enforcer said McDonald's had not paid any corporate taxes in Luxembourg or the United States on royalties paid by franchisees in Europe and Russia since 2009, as a result of two tax rulings by the Luxembourg authorities.
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
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Old 08-12-2016, 13:42
andersonsonson
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Yay, more monies for the government to spend on useless things like Trident and HS2
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Old 08-12-2016, 13:45
Jayceef1
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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
This would be the Luxembourg tax regime overseen by a certain Jean-Claude Juncker.
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Old 08-12-2016, 13:47
Sam_Clarke1
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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
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Old 08-12-2016, 13:49
glasshalffull
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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...

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"

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Old 08-12-2016, 13:52
BRITLAND
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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.
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Old 08-12-2016, 13:54
trevgo
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McDonalds, a very respected food chain


Oh, please stop it!

NURSE! NURSE!
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Old 08-12-2016, 13:59
DaveBradshaw_7
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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.
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 ...
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