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McDonald's tax deal with Luxembourg not illegal, EU says
The decision came after a three-year long investigation.
McDonald’s will not be forced to repay millions of euros in back taxes after EU antitrust regulators declared that its tax deal with Luxembourg was not illegal, Reuters has reported.
According to the European Commission, the fast food giant's deal was in line with national tax laws and the Luxembourg-U.S. double taxation treaty.
The decision arrived after a three-year long investigation as part of its crackdown on illegal deals between EU governments and multinationals.
(Photo credit: McDonald's Luxembourg Facebook)
