WSJ: Two More American Companies Could Experience the Apple Treatment in Europe
According to the Wall Street Journal, Amazon.com, Inc. (NASDAQ:AMZN) and McDonald’s Corporation (NYSE:MCD) could be next in terms of facing a back-tax bill in Europe. According to the article, antitrust regulators in the continent have been examining the two companies’ tax arrangements that may have lowered their total tax bills unfairly. The news of the EU examining Amazon and McDonald’s follows the recent $14.5 billion back-tax bill given to Apple for the company’s potentially unfair tax practices in Europe. It remains to be seen whether European regulators will charge the two companies though. The U.S. government has adamantly argued against the tax bills and both McDonald’s and Amazon have said that they believe they have paid their tax dues appropriately. A total of 145 funds from our database owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of the second quarter, up by 12 funds from the previous quarter. Meanwhile, 63 investors had a bullish position in McDonald’s Corporation (NYSE:MCD), down by 20 funds from the previous quarter.