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McDonald’s Australia defends reducing its local tax bill as NGOs raise questions offshore

McDonald’s Australia defends reducing its local tax bill as NGOs raise questions offshore

Fast-food giant McDonald's has again defended its long-standing practice of paying hundreds of millions of dollars of royalties offshore, which reduces its local tax bill.

by Shared from ABC News | Mar 20, 2022

McDonald’s Australia defends reducing its local tax bill as NGOs raise questions offshore

The American company’s latest financial accounts for the year ending December 31, 2020, obtained by ABC News, show McDonald’s paid its head entity – previously based in Singapore but now based in Britain – a “service fee” amounting to hundreds of millions of dollars.