Geneva's Mont Blanc McDonald's sports the new look
Geneva, Switzerland (GenevaLunch) – The latest company to leave the UK and move to Switzerland is fast food giant McDonald’s, which will shift its European head office to Geneva later in 2009, the Tribune de Geneve reported late Friday. European president Denis Hennequin and a small team of possibly a dozen people will make the move. The Tribune says the company will be housed in the former offices of Bank Mirabaud on Boulevard du Théâtre, but the company has said only that details will be announced closer to the date of the move.
The UK’s Telegraph newspaper links the move to a change in the UK’s “taxation of foreign profits linked to intellectual property rights such as patents and trademarks” but it notes that the company stresses its tax rate will remain virtually unchanged.
