The latest report by the charity claims that McDonalds has used a tax avoidance scheme to avoid £295m in tax over the last 10 years by using a circular, paper transaction with it also highlighting multiple examples of the fast food giant’s use of tax havens within its business model.

Research by the charity reports that in 2016, McDonalds set up a UK-based subsidiary called McD Global Franchising Ltd which bought franchise rights from another Singaporean subsidiary for $3.55bn (£2.7bn).

Instead of using cash in the transaction, McDonalds paid for the franchise rights using a written agreement acknowledging the debt, the agreement was then passed around through multiple McDonalds subsidiaries until it came to the London subsidiary where they then cancelled the debt.