Secrets and Fries: McDonald’s £295 million tax dodge

A new report ‘Secrets and Fries’ from War on Want and the Centre for International Corporate Tax Accountability and Research exposes how McDonald’s has been driving billions in global profits through the City of London, but not stopping to pay its share of UK tax. McDonald’s has been using a circular, paper transaction to shield the income received in London from being taxed in London – depriving the UK public funds of at least £295 million in tax.

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