The European Commission has issued a press release announcing that it has opened a formal probe into tax rulings provided by Luxembourg for McDonald's that, in the Commissions view, may have granted McDonald's an advantageous tax treatment in breach of EU State aid rules. The following from the release outlines the Commissions reasons for looking into the tax treatment and the main issues. --- The Commission requested information on the tax rulings in summer 2014 following press allegations of advantageous tax treatment of McDonald's in Luxembourg. Subsequently, trade unions presented additional information to the Commission. The Commission's assessment thus far...