European tax? McDonald's: United States foreign tax base will be moved to the United Kingdom

Restaurant giant McDonald's McDonald said that in the United Kingdom set up a new holding company, United States outside the tax base by Luxembourg turned to United Kingdom.

A company spokesman said, chose United Kingdom, because there is a significant number of staff in London. According to the BBC report, McDonald's in the Luxembourg tax position, is now subject to the EU investigation.

View of the European Commission, Luxembourg tax special offers provided to McDonald's, in violation of European Union regulations. McDonald's spokesman stressed that the reason for this change is not more favourable tax rates, mainly want to make operations more efficient.

This unified structure will make administration easier, which reduces costs and increases flexibility.

United Kingdom Prime Minister, Mr Toomey (Theresa May) official spokesman said, welcome to the world of companies to invest in United Kingdom, United Kingdom will ensure the growth and increasing employment opportunities. The European Commission began a formal investigation Tuesday on McDonald's, the Board initially determined that McDonald's with the Luxembourg tax treaty, violate EU subsidy rules.

Executive said Luxembourg offers provided to McDonald's, McDonald's-owned subsidiary despite the massive profits, but not subject to tax, more than 250 million euros in 2013, for example are not tax deductible. United Kingdom on the advantages of McDonald's, is the relatively low corporate tax, there are a large number of highly skilled labour potential. United Kingdom current corporate tax rate was 20%, and by 2020, rates dropped to 17%.