McDonald’s tax deals with Luxembourg legal, says European Union

By: | Published: September 19, 2018 5:13 PM

The European Union on Wednesday ended a long-running investigation into the tax arrangements between US fast food giant McDonald's and Luxembourg, finding the arrangement did not amount to illegal state aid.

luxembourg news, latest news, important news, trending news, news today, news, now, Luxembourg did not break EU state aid rules,” EU Competition Commissioner Margrethe Vestager said in a statement. (Reuters)

The European Union on Wednesday ended a long-running investigation into the tax arrangements between US fast food giant McDonald’s and Luxembourg, finding the arrangement did not amount to illegal state aid.

“Luxembourg did not break EU state aid rules,” EU Competition Commissioner Margrethe Vestager said in a statement.

With the decision, the maker of Big Mac and McNuggets escapes the fate of US giants Apple, Starbucks and Amazon, which were ordered to repay years of back taxes.

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