A new report on how McDonald’s avoids paying its fair share of taxes find that over the past decade, McDonald’s appears to have taken advantage of corporate tax loopholes to avoid paying U.S. tax on nearly $16 billion in foreign earnings, saving as much as $1.7 billion in taxes. The report also found that McDonald’s makes extensive use of tax havens to avoid paying what it owes to the IRS.The report was authored by Public Services International (PSI), the International Union of Foodworkers and SEIU.
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