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McDONALD'S TAX AFFAIRS AND THE EXCHEQUER

EDM (Early Day Motion) 865: tabled on 11 March 2015

Tabled in the 2014-15 session.

This motion has been signed by 25 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House is gravely concerned at evidence of the aggressive tax avoidance strategies pursued by global fast-food chain McDonald's over several years up to 2013; commends the work of the worldwide coalition of trade unions and global justice campaigns that resulted in the disclosure of these findings in the Unhappy Meals report; notes that the company has potentially cost up to £818.7 million to the UK Exchequer alone in tax by diverting franchise payments to McD Europe Franchising Sàrl, a Luxembourg-resident intellectual property holding company with a Swiss branch, then shifting McDonald's European headquarters from London to Geneva for the purposes of tax avoidance; understands that this was a direct response to a tax policy change in Luxembourg allowing companies to benefit from significant reductions of their tax rate on income earned from intellectual property; further notes that McDonald's and its franchisees, which openly employ much of their workforce on zero hours contracts, earned £2,335.5 million in sales in the UK; and therefore calls on the Government to ensure that such multinational corporations are obliged to pay their fair share of tax on profits generated from UK operations.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.