McDonald's lowers its tax bill as profit soars

By Nassim Khadem
Updated June 28 2016 - 10:08pm, first published June 27 2016 - 3:54pm
Demonstrators dressed as Ronald McDonald protest for better wages for McDonald's employees in Sao Paulo, Brazil.  Photo: Andre Penner
Demonstrators dressed as Ronald McDonald protest for better wages for McDonald's employees in Sao Paulo, Brazil. Photo: Andre Penner
Independent federal senator Nick Xenophon says the government needs to seriously consider a turnover tax as a backstop to prevent revenue leaking overseas. Photo: Paul Jeffers
Independent federal senator Nick Xenophon says the government needs to seriously consider a turnover tax as a backstop to prevent revenue leaking overseas. Photo: Paul Jeffers
Shadow assistant treasurer Andrew Leigh says: "How much longer will the government give large companies a free ride on debt deduction loopholes?" Photo: Louise Kennerley
Shadow assistant treasurer Andrew Leigh says: "How much longer will the government give large companies a free ride on debt deduction loopholes?" Photo: Louise Kennerley
Prime Minister Malcolm Turnbull and Treasurer Scott Morrison say they have introduced laws to make multinationals pay more tax. Photo: Andrew Meares
Prime Minister Malcolm Turnbull and Treasurer Scott Morrison say they have introduced laws to make multinationals pay more tax. Photo: Andrew Meares

Fast food giant McDonald's Australia cut its tax bill by more than half in 2015 by routing payments via the low-tax nation of Singapore.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Eden news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.