Slate has the story about how McDonald's conquered France. Thanks to the tax-man.
McDonald's appealed to budget-conscious students, of course, but with France's high unemployment and sluggish economy, it attracted people of all ages. Pensioners, for instance, were among the chain's most loyal clients. The food at McDonald's was cheap, and it was made cheaper still because its restaurants were officially designated as takeout joints. The value-added tax on meals at such establishments was just 5.5 percent, versus the 19.6 percent levied at "gastronomic" restaurants.
1 comment:
So, when ACORN and McDonalds merge, they will form a dynamic duo to combat the coming food shortages...
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