EU to investigate McDonald's tax deals with Luxembourg

December 3, 2015 12:33 PM

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BRUSSELS: EU antitrust regulators will investigate McDonald's tax deals with Luxembourg which enabled the U.S. fastfood chain to escape paying taxes on European franchise royalties from 2009, in a move which could lead to hefty back taxes for the company.

The action by the European Commission comes two months after it ordered Luxembourg to recover up to 30 million euros (US$32 million) from Fiat Chrysler Automobiles and the Dutch to do the same for Starbucks because their tax deals were seen as unlawful aid.

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