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McDonald’s Moves Tax Base to U.K.

Shift occurs as EU probes McDonalds tax arrangements in Luxembourg.

By Aoife White, Bloomberg | Updated on December 08, 2016

McDonald’s Corp. shrugged off Brexit by announcing plans to switch its non-U.S. tax base to the U.K., ditching tiny Luxembourg where its fiscal arrangements are under attack from European Union regulators.

In an apparent vote of confidence in the U.K., the hamburger giant said Thursday it’s creating a new international holding company based in Britain, which decided in June to quit the EU. The new company will be responsible for most of the royalties received from licensing McDonald’s intellectual property rights outside the U.S. It will pay U.K. corporation tax, according to an emailed statement.

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