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In 2016, McDonald's created an IOU and sent it from London to Singapore, then to Delaware, and back to London, resulting in a $400 million tax reduction for the company. This episode discusses how McDonald's exploited intangible assets and multiple tax havens, allegedly breaking numerous laws to avoid taxes for ten years. While many workers struggle with low wages, McDonald's tax liabilities remain minimal. The narrative highlights the disparity between the average worker's tax responsibilities and the tactics used by large corporations to mitigate their tax burdens, questioning the fairness of such practices.
