McDonald’s in McTrouble?
The Russians think so: Russia’s tax authorities allege that McDonald’s owes more than $6m in back taxes.
McDonald’s, which currently has 183 fast food stops in Russia received the tax bill in August, according to The Times. The tax bill stems from allegations that the company procured ingredients from unlicensed companies which “posed a threat to Russian society.” The company is also being billed for selling milkshakes, ice cream and Chicken McNuggets at a discounted tax rate for which it did not have proper documentation.
McDonald’s denies the charges.
However, those familiar with Russian tax law claim that the system is wildly complicated - and potentially corrupt - which means that McDonald’s may have to pony up the cash to stay in Russia. The company hopes to open 40 new restaurants this year. To do so, they may have to just play along…
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tax, tax evasion, McDonald’s, Russia
