McDonald's will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald's is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United States, shifting its tax base from Luxembourg. The profits will be subject to British tax, McDonald's said in a statement that was immediately welcomed by the British government, which is under pressure to preserve economic stability as the country prepares to leave the European Union.
WASHINGTON (AP) — A day ahead of a government shutdown deadline, the House easily passed a stopgap spending bill to keep federal agencies running through the end of April. The legislation's fate in the Senate remained uncertain due to strident opposition from coal-state Democrats.