Warning: If you don't like cursing, don't listen to the song. Okay, we are adults and you have been warned.
When you have alot money, who cares about little tax exemptions?
McDonald's and Coca-Cola said they would waive their
right to tax exemption on earnings from the Olympic Games in London, an issue
that has fuelled criticism of Games sponsors.
British lobby group 38 Degrees has gathered almost 165,000 signatures for an online petition under the banner "Stop Olympic Tax Dodging" urging sponsors to turn down the tax breaks.
However, both said they had not planned to use the exemption, a condition of London's bid to host the Games, and denied that they had been influenced by the campaign.
"Coca-Cola has never intended to, and will not be making, any corporate or income tax exemption claim with respect to any activity concerning our involvement with the London 2012 Olympic and Paralympic Games," the soft drinks company said.
McDonald's also said its decision pre-dated the protest.
The fast food chain said its revenue from the Games would be less than 0.1 percent of its annual UK sales. The company will be setting up four temporary restaurants at the Olympic Park during the Olympics, which start July 27.
Coca-Cola and McDonald's are two of 11 international companies who pay almost $1 billion to sponsor Winter and Summer Olympics over a four-year cycle.
British lobby group 38 Degrees has gathered almost 165,000 signatures for an online petition under the banner "Stop Olympic Tax Dodging" urging sponsors to turn down the tax breaks.
However, both said they had not planned to use the exemption, a condition of London's bid to host the Games, and denied that they had been influenced by the campaign.
"Coca-Cola has never intended to, and will not be making, any corporate or income tax exemption claim with respect to any activity concerning our involvement with the London 2012 Olympic and Paralympic Games," the soft drinks company said.
McDonald's also said its decision pre-dated the protest.
The fast food chain said its revenue from the Games would be less than 0.1 percent of its annual UK sales. The company will be setting up four temporary restaurants at the Olympic Park during the Olympics, which start July 27.
Coca-Cola and McDonald's are two of 11 international companies who pay almost $1 billion to sponsor Winter and Summer Olympics over a four-year cycle.
I must be a small-fry because I'm not waiving no tax-exemption given to me!
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