By John McCarthy

McDonald’s European tax arrangements have come under the microscope as part of a new investigation into whether the business is receiving state aid form Luxembourg.

An alleged ‘sweetheart’ tax deal saw the fast food chain’s Luxembourg wing, McD Europe Franchising Sarl, generate €834m (£600m) in revenue in 2013 despite having a minimal staff skeleton of only 13 people.

Officials from Brussels will be tasked with surmising whether the Luxembourg arrangement breaches EU state-aid rules. If the investigation finds McDonald’s benefited unfairly from its presence it will be hit with a substantial back tax figure.

A McDonald’s spokesperson said: “McDonald’s complies with all tax Read full story ›

Source: The Drum