McDonald's to decline London 2012 tax break.

Jul 18, 2012 17:15

Fast-food chain turns down tax exemption for non-UK Games sponsors as campaigners put pressure on others to do the same ( Read more... )

business, olympics, sports, taxes, corporations

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plentydorian July 18 2012, 21:58:11 UTC
I read something saying that McDonald's profits from the Olympics will make up 0.1% of their total profit in the UK this year, so refusing a tax break actually makes pretty much zero difference to them and is just a move to get good publicity, which will probably end up pushing up their profits even more. Ugh.

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