Mar 8, 2015
-
EPSU and EFFAT Report: McDonald’s deliberately has avoided over €1 billion in corporate taxes in Europe over the five year period 2009-2013. The tax avoidance strategy essentially consisted of moving the European headquarters from the UK to Switzerland as well as using intra-group royalty payments and channelling them into a Luxembourg based subsidiary with a Swiss branch.
A report of the European trade union federations EPSU and EFFAT along with a coalition of European and American trade unions reveals that McDonald’s deliberately has avoided over €1 billion in corporate taxes in Europe over the five year period 2009-2013. The tax avoidance strategy essentially consisted of moving the European headquarters from the UK to Switzerland as well as using intra-group royalty payments and channelling them into a Luxembourg based subsidiary with a Swiss branch. The report criticises that while transnational corporations like McDonald’s are avoiding taxes in Europe, public sector workers are having their wages slashed, and nurses and social carers are facing layoffs. In fact, more than 56,000 tax inspectors have been cut throughout the EU at precisely the moment they are most needed to investigate companies like McDonald’s.
English: http://www.notaxfraud.eu/sites/default/files ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.