Luxembourg to investigate claims McDonald’s avoided $1 billion in tax
Officials say they are examining allegations, made by trade unions, that fast-food giant exploited controversial tax loophole in [...]
Finance
Microsoft Taxes Said to Face Scrutiny as EU Quizzes Luxembourg
Microsoft Corp., the world’s biggest software maker, is among companies embroiled in a European Union inquiry into Luxembourg’s tax treatment of multinational firms, according to three people familiar with the EU’s [...]
Luxembourg to Challenge EU Over Fiat Tax Repayment Order
Luxembourg is appealing a European Union decision that it made illegal fiscal deals with a Fiat Chrysler Automobiles NV unit, vowing to show that the bloc’s antitrust regulator failed to establish any illegal state [...]
Why Luxembourg Outranks The U.S. When It Comes To Helping Poor Nations
The United States spends more on international aid than any other nation — more than $32 billion a year. Yet it has come in near the bottom of a newly released ranking that scores the wealthiest nations according to how much they help the world’s poorest [...]
Here’s How McDonald’s Avoided $1.2B In European Taxes After Shifting Operations To Luxembourg
A coalition of European and American trade unions has accused McDonald’s of skirting European taxes after the company altered the way it channels royalty payments from its restaurants in 2009. In a report released Wednesday, the group said the world’s largest restaurant chain avoided paying 1.06 billion euros [...]