|Bid||157.53 x 900|
|Ask||158.40 x 800|
|Day's Range||158.33 - 158.71|
|52 Week Range||146.84 - 178.70|
|PE Ratio (TTM)||23.27|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||4.04 (2.51%)|
|1y Target Est||183.62|
BRUSSELS (AP) — The European Union has ruled that Luxembourg did not give the U.S. fast food giant McDonald's a special sweet tax deal and that the non-taxation of some of its profits did not amount to illegal state aid.
Luxembourg welcomed on Wednesday the European Commission's ruling that its tax deal with McDonald's (MCD.N) was not illegal after a three-year long investigation. The Commission said the mismatch between U.S. and Luxembourg tax laws resulted in the U.S. fast food chain not paying any taxes on some profits. "This decision strengthens Luxembourg's position that while the application of the rules in force at the time might have resulted in a situation that no longer reflects the current spirit of the national and international tax framework, such an application does not constitute state aid," Luxembourg Finance Minister Pierre Gramegna said in a statement.
NEW YORK, NY / ACCESSWIRE / September 19, 2018 / McDonald’s made headlines on Tuesday as many of its employees hit the streets to protest in various cities across America about sexual harassment at work. financial results that missed on sales. McDonald's Corporation shares were little changed on Tuesday with about 3.7 million shares traded yesterday.
McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws. The decision by the European Commission came after a three-year long investigation, part of its crackdown against illegal sweetheart deals between EU governments and multinationals that has resulted in Apple, Starbucks and Fiat paying billions of euros in back taxes. The Commission said McDonald's tax deal was in line with national tax laws and the Luxembourg-U.S. double taxation treaty.
Corp.’s tax arrangement in Luxembourg is legal, dropping an investigation against the U.S. fast-food giant in contrast with a barrage of fines levied on American tech firms. Luxembourg’s decision not to tax McDonald’s is in line with a double-taxation treaty between Luxembourg and the U.S., and doesn’t constitute favorable treatment, according the European Commission—the EU’s executive arm and competition authority.
McDonald's (MCD.N) tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws. The decision by the European Commission came after a three-year long investigation, part of its crackdown against illegal sweetheart deals between EU governments and multinationals that has resulted in Apple (AAPL.O), Starbucks (SBUX.O) and Fiat (FCHA.MI) paying billions of euros in back taxes. The Commission said McDonald's tax deal was in line with national tax laws and the Luxembourg-U.S. double taxation treaty.
McDonald's did not receive selective tax treatment from Luxembourg, EU state aid regulators said on Wednesday, saying the mismatch between U.S. and Luxembourg tax laws resulted in the U.S. fast food chain not paying any taxes on some profits. The ruling by the European Commission came after a three-year long investigation into McDonald's tax deal with Luxembourg, part of its crackdown against illegal sweetheart deals between EU governments and multinationals. "The Commission has found that the non-taxation of certain McDonald's profits in Luxembourg did not lead to illegal state aid, as it is in line with national tax laws and the Luxembourg-United States Double Taxation Treaty," the EU executive said in a statement.
McDonald’s Corp. won a rare reprieve from European Union competition regulators cracking down on unfair fiscal deals for multinational firms. The Big Mac maker escaped the fate of other big U.S. companies ordered to repay back taxes to EU nations after officials concluded that a pact with Luxembourg didn’t break the law. "Our in-depth investigation has shown that the reason for double non-taxation in this case is a mismatch between Luxembourg and U.S. tax laws, and not a special treatment by Luxembourg,” EU Competition Commissioner Margrethe Vestager said in a statement.
McDonald’s Corp. didn’t get any unlawful state aid from Luxembourg, the European Union said as it concluded a three-year-old probe with a rare reprieve amid its ongoing crackdown on unfair fiscal deals for multinational firms. The Big Mac maker escapes the fate of other U.S. giants ordered to repay EU nations back taxes deemed to be be unfair state aid, after the European Commission on Wednesday said that “the non-taxation of certain McDonald’s profits in Luxembourg” didn’t clash with the EU’s tough rules curbing government subsidies. "Our in-depth investigation has shown that the reason for double non-taxation in this case is a mismatch between Luxembourg and U.S. tax laws, and not a special treatment by Luxembourg,” EU Competition Commissioner Margrethe Vestager said in an emailed statement.
European markets opened higher on Wednesday with investors appearing to brush off escalating trade tensions between the U.S. and China. The Stoxx 600 index opened 0.17 percent higher with most sectors in positive territory. European markets are trading on Wednesday morning with investors appearing to brush off escalating trade tensions between the U.S. and China.
The law firm advising McDonald's on sexual harassment policy is currently defending the Weinstein Company https://bloom.bg/2D9FDNM (Source: Bloomberg)
McDonald's workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. Protesters demanded that McDonald's require anti-harassment training for managers and employees. McDonald's declined to comment on the protests, saying it stood by a statement issued last week defending its anti-harassment policies.
The fast food chain’s workers have been protesting in 10 U.S. cities, including Durham, Kansas City, Los Angeles, Miami, Milwaukee, New Orleans, Orlando, San Francisco and St Louis. The strike is expected to last one day and it is being backed by unions that are also looking for McDonald’s to increase the hourly wages of all of its workers to $15, while also providing its employees with better working conditions. There are no comprehensive details regarding how many workers are planning on taking part in the strike as of yet.
At least ten McDonald's employees have filed charges against the company, according to Law360. Support from the Time's Up Legal Defense Fund has helped pay for their legal fees.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that Paypal Holdings Inc (NASDAQ: PYPL ) has dropped 5 points so far, and if it drops another 2 points it will become oversold and he would ...
Dow component McDonald's Corporation ( MCD) has struggled so far in 2018, falling more than 8% since the first trading day of January, in stark contrast to 2017's outstanding 41% return. The stock has had plenty of opportunity to attract committed buyers in recent weeks, with blue-chip indices probing all-time highs, but McDonald's has now turned tail and dropped to a multi-week low. The stock is maintaining a delicate balance between bulls and bears, crisscrossing the horizontal 200-day exponential moving average (EMA) near $160 more than 30 times since February.
Striking McDonald’s Corp. workers in the union-backed “Fight For $15” movement are demanding that the company stop seeking advice on sexual harassment policy from a law firm that’s currently defending the Weinstein Co. “Fight For $15,” an initiative by the Service Employees International Union to raise pay and unionize the fast food industry, plans to mount a day-long strike Tuesday against McDonald’s to raise awareness of alleged sexual harassment at some of its stores.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. PayPal PYPL : "Here's the thing that you need to know: this stock has now dropped 5 straight points.
On Monday, the stock dropped below the 50-day moving average amid concerns from investment bank Stifel that McDonald's store remodels will continue to weigh on U.S. sales through early 2019. McDonald's investors haven't had many bullish items to chew on this year, so Stifel's note isn't anything new in and of itself.
Labor is the most pressing issue facing restaurant chains, according to industry executives who appeared recently at a (JPM) forum. Executives from (BLMN) owner Bloomin Brands (ticker: BLMN), Chili’s’s operator Brinker International (EAT), Domino’s Pizza (DPZ), (MCD) (MCD), and (CAKE) (CAKE) spoke at the event last week. JPMorgan analysts noted several shared themes in a Monday note.
Some of the companies with shares expected to trade actively in Monday’s session include Amazon.com, Boeing, McDonald’s, DowDuPont, and more.
In March, McDonald's turned its golden arches upside-down for International Women's Day. According to the National Women's Law Center , a 15-year-old cashier in St. Louis alleges that an older male employee said "You have a nice body. Workers feel that not enough has been done to address issues like these since the claims were filed.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Fast food burger chains thrive in markets in most of the world. But not in Vietnam. Today, McDonald's has only 17 stores and Burger King only 13 across the Southeast Asian countries.
Wendy's is giving away Dave's Singles to app users this month, and McDonald's is practically giving away most of its sandwiches to app users. There's a method to the app-ness.