The Homa Files

Reported in the UK Telegraph …

McDonald’s CEO says: Curb spending and cut taxes

“America must cut taxes and reduce government spending in order to kick-start an economic recovery, Jim Skinner, the chief executive of McDonald’s, has warned.”

“In order to create jobs in America, you’re going to have to cut taxes… particularly in the business community.

“We pay some of the highest [corporate] taxes around the world. There needs to be some levelling.”

For the record, in 2010, McDonald’s paid the Feds $1 billion on $2.624 billion in profits … pardon the pun, but that’s a whopper: 38.9%

I think Mickey (and Ronald) may have a point …

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Tags: McDonald's, Tax Rates

This entry was posted on November 9, 2011 at 6:45 am and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.