Summons Follows Report Showing McDonald’s Dismantled Tax Structure Under Investigation by European Commission, Inhibiting Scrutiny of Company’s Accounts
Press Release – 18 June 2018
(Brussels 18 June 2018) The European Parliament announced that McDonald’s will appear on 21 June 2018 before the TAX3 Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance – an unprecedented third appearance by a multinational corporation before the Committee.
The summons follows a recent report revealing how McDonald’s dismantled its tax structure amid an ongoing investigation by the European Commission into allegations of tax avoidance, effectively inhibiting scrutiny of the company’s accounts.
The European Commission opened an investigation into McDonald’s in late 2015, following allegations by a coalition of European and American trade unions and the U.K. antipoverty organization War on Want that the company had dodged more than one billion euros in taxes from 2009 to 2013.
Download the full press release below.