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By Ginger Gibson WASHINGTON (Reuters) - The chances that the federal government could hand off the U.S. air traffic control system to private management are increasing, say advocates who report they are getting supportive feedback from President-elect Donald Trump and his team. U.S. Rep. Bill Shuster, who chairs the House of Representatives Transportation Committee, has met with Trump and incoming Transportation Secretary Elaine Chao to make his case for moving the nation's 14,500 air traffic controllers and their mission out of government control and into a non-profit organization. Shuster and other privatization advocates argue that spinning off air traffic control into a non-government entity would allow for a more efficient system and rapid, cost-effective improvements of technology, in part by avoiding the government procurement process.
McDonald's said Thursday it will shift its fiscal headquarters for the majority of non-US operations to Britain following an EU crackdown on the fast-food giant's tax benefits from Luxembourg. McDonald's is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United States. The profits will be subject to British corporate taxes, McDonald's said.