McDonald’s $3.4 Billion IOU To Itself

From “Second Thought”. ( YouTube / Nebula )

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Admit it, we’ve all eaten at McDonald’s. Yes, their fries are delicious. You know what’s not delicious? The world’s biggest companies scamming the rest of us out of our hard-earned money by exploiting tax havens and obscene loopholes. In this week’s episode, we’ll take a look at the most recent scheme – McDonald’s’ $3.4 billion IOU to itself.

How McDonald’s Wrote A $3.4 Billion IOU To Itself – Second Thought
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SOURCES:

War on Want’s petition
https://secure.waronwant.org/page/101897/petition/1

IWW resources
https://www.iww.org
https://www.iww.org/resources/pamphlets/

The War on Want report
https://waronwant.org/McTax
https://www.youtube.com/watch?v=1-Ti0ItPFM0

On tax havens and corporate taxes
https://www.greeneuropeanjournal.eu/tax-havens-must-be-closed-but-not-for-the-reasons-you-think/
https://taxjustice.net/2019/03/05/the-magic-money-tree-from-modern-monetary-theory-to-modern-tax-theory/
https://www.nytimes.com/interactive/2021/07/07/opinion/minimum-corporate-tax.html
https://www.nytimes.com/2021/10/11/opinion/pandora-papers-britain-london.html
https://apnews.com/article/business-london-europe-media-f91432c785e4e06a8fb2c7370d4ca63d
https://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html

McDonalds and the EU in 2015
https://www.ft.com/content/6346575e-7d90-11e6-8e50-8ec15fb462f4

IMF reports
https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2016/12/31/Causes-and-Consequences-of-Income-Inequality-A-Global-Perspective-42986
https://www.imf.org/en/Publications/FM/Issues/2017/10/05/fiscal-monitor-october-2017

Layering
https://www.buzzfeed.com/janebradley/shell-companies-money-laundering-uk-paul-manafort

Half as Interesting
https://youtu.be/b00j2aCT6Ug?

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