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Venezuela: McDonald's closed for Tax evasion
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by rahul | October 10, 2008 at 06:37 am
973 views | 24 Recommendations | 5 comments
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Caracas, Venezuela, 10 October, 2008. Yesterday, all 115 Venezuelan McDonald´s shops were closed by government Tax officials (Seniat). This measure was taken by Seniat after an examination of accounting books showed, McDonald´s have not been paying taxes as requested by local law. This is not the first time, Venezuelan McDonald's have been fined for Tax Evasion. A similar closure took place in 2005. Venezuelan McDonalds is a franchise run by three local companies: Alimentos Nasif C.A., Alimentos Arcos Dorados de Venezuela C.A and Compañía Operativa de Alimentos-Corp C.A.
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rahul
Caracas, Distrito Capital, Venezuela
Most RecentMost Recommended Comments (5)
at 08:33 on October 10th, 2008
rahul,
Great story.
Very interesting..
They have and make make billions...
Oh good grief!
Just when you thought, ludicrousness has taken the day off....
Peace,
campanaro
at 12:43 on October 10th, 2008
rahul, very interesting, thanks.
at 13:24 on October 10th, 2008
Venezuela continues to take a stance against the multinationals. If only the rest of the world would. If McDonald's must go about it's business it must respect local laws and tax regulation.
at 14:27 on October 10th, 2008
rahul, I like this story. It's good stuff.
Wow - big corportations do it too!?
at 14:28 on October 10th, 2008
All McDonalds are local franchises.