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Information

  • ID: 2703140
  • Uploader: redtails »
  • Date: 2017-11-02 03:57
  • Update: 2026-07-31 19:47
  • Size: 236.7 KB .jpg (430x958) »
  • Top tagger: redtails (64)
  • Source: i.pximg.net more
  • Rating: General
  • Views: 1
  • Score: 0
  • Favorites: 0
  • Status: Active

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This post has 1 child (learn more) « hide
Media asset #1
Hello? Where are you?
Golden Arch
Yeah, I'm at Golden Arch. While the name of restaurants will remain the same, the registered business name of McDonald's in China has been changed to Golden Arch as of Oct.12 2017. This has since become a widespread joke, since the name Golden Arch sounds not nearly as foreign and, for a lack of better word, "classy", for a famous foreign fast food restaurant chain. It also sounds like a name that would be suitable for a triad group. It was believed that the real reason behind this name change is a way to evade tax. By changing its registered name into Golden Arch, McDonald's China becomes a different company and doesn't relate to McDonald's Ltd. Therefore, when the latter company charges trademark royalty fees from the former company, it will not fall under the "Related Transactions" category and will effectively save the company quite a few tax bills. Apparently, this is a well-known tax law loophole for foreign origin companies whose China operation headquarters registered in Hong Kong, Singapore, and Malaysia to exploit. Currently, Chinese tax department can't do anything about this.
Danbooru

Artist's commentary

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  • Translated
  • 东方Project-藤原妹红

    麦当劳改名为金拱门,我是很难接受啦,感觉像黑帮?-.-|||

    Touhou Project - Fujiwara No Mokou

    McDonald's changed its registered business name into "Golden Arch". I found it personally unacceptable. Feels like a name for a gang? -.-|||

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    Hello? Where are you?
    Golden Arch
    Yeah, I'm at Golden Arch. While the name of restaurants will remain the same, the registered business name of McDonald's in China has been changed to Golden Arch as of Oct.12 2017. This has since become a widespread joke, since the name Golden Arch sounds not nearly as foreign and, for a lack of better word, "classy", for a famous foreign fast food restaurant chain. It also sounds like a name that would be suitable for a triad group. It was believed that the real reason behind this name change is a way to evade tax. By changing its registered name into Golden Arch, McDonald's China becomes a different company and doesn't relate to McDonald's Ltd. Therefore, when the latter company charges trademark royalty fees from the former company, it will not fall under the "Related Transactions" category and will effectively save the company quite a few tax bills. Apparently, this is a well-known tax law loophole for foreign origin companies whose China operation headquarters registered in Hong Kong, Singapore, and Malaysia to exploit. Currently, Chinese tax department can't do anything about this.

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