FastFood RIP: McDonalds Venezuala

Tech Startups 3.0 · October 10, 2008 · Short URL: https://vator.tv/n/473

"Venezuela's government has shut all branches of restaurant chain McDonald's for 48 hours, citing tax irregularities, officials have said.

The head of the country's tax agency, Jose David Cabello, said the chain had inconsistencies in its accounts.

The 115 branches in Venezuela were closed from Thursday to Saturday.

Venezuela's President Hugo Chavez is a fierce US critic and last month was at the heart of tit-for-tat US-Latin American diplomatic expulsions.

Oil battle

Since winning elections 10 years ago, Mr Chavez has increased taxes and often temporarily shuts firms accused of failing to pay."

All author posts

Donation Amount

Value-based obesity care solution Ilant Health adds $2.5M to its seed round