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this episode is made possible by audible follow the link below and get your first month absolutely free in 2016 mcdonalds wrote an iou on a piece of paper and sent it from london to singapore then from singapore to delaware and then from delaware back to london now they wont have to pay 400 million dollars in taxes uh what this is the story of how mcdonalds used an intangible asset multiple tax havens and broke a whole bunch of laws to get out of paying taxes for the next 10 years none of us wants to pay them but whats even worse is when you think youre paying yours and the other guy isnt so while mcdonalds workers struggle to live on poverty wages mcdonalds tax bill stays low moving paper around the world shouldnt reduce your tax bill by millions this is a mcdonalds sorry that might be hard to recognize out of its usual context this is a mcdonalds at least thats what you and i think of when we think of mcdonalds a place a restaurant the food we eat after a night out and p