British heavy tax McDonald's Europe headquarters moved to Geneva from London

Xinhua Beijing, July 13, the global fast food giant McDonald's will follow the footsteps of many U.S. companies, the European headquarters from London to Geneva, in case the British government to the heavy tax.　　Several senior executives, including McDonald's European operations President Heinikun Dennis Hennequin, will move to Geneva. According to the Taiwan Joint News Network, McDonald's opened its first restaurant in London in 1974, the latest in a large American enterprise headquartered in Switzerland, with other us-based companies headquartered in Europe, including the food giant Kraft Food Company (Kraft), global consumer goods leading p&g and Colgate, and web search business yahoo.　　Search engine leader Google has a large office in London, but also chooses to set up its European headquarters in Zurich. Companies moving away from the UK are mainly driven by taxes.　　Britain's announcement this year of a change in the state budget for profits tax on foreign companies, as well as changes in the management of intellectual property, such as patents and trademarks for foreign companies, has forced many foreign companies to relocate.　　McDonald's executives said the changes in the UK's tax code would make McDonald's pay one more tax on the proceeds of intellectual property. Not only do foreign companies leave, but British companies are also looking abroad for more favorable taxpayers.　　The information services giant, Informa, moved to Switzerland earlier this year. Shire, the world's second-largest advertising company, has relocated to Ireland, and Brit Ping plans to move to the Netherlands.　　The investment company Henderson a new parent company in Ireland in order to pay less tax. Easterbrook (Steve Easterbrook) will continue to operate in London did McDonald's UK.　　In recent years, McDonald's European business has grown faster than the United States, Europe is now McDonald's biggest revenue source. McDonald's has replicated European success stories to the US, such as decorating American stores as fashionable as Europe.