RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz McDonald's would NOT like tax with that Thu Jun 01, 2017 10:49 pm | |
| Global fast-food giant McDonald's has cut its local tax bill by more than half but is considering whether it will need to restructure its operations to avoid getting hit by Australian laws aimed at stopping companies from diverting profits overseas.
In 2016 McDonald's Australia continued with a long-standing practice of reducing its local tax bill, by using a legal loophole that allows it to pay McDonald's Asia Pacific – previously based in Singapore but now based in Britain – a "service fee" amounting to hundreds of millions of dollars.
http://www.smh.com.au/business/the-economy/mcdonalds-may-be-hit-by-the-diverted-profits-tax-for-now-it-pays-low-tax-on-royalty-income-20170531-gwh6ed.html |
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