McDonald’s Shut Down in Venezuela

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Hugo Chavez - President of Venezuela

Hugo Chavez - President of Venezuela

For 48 hours no McDonald’s branch could be found open in Venezuela. They were all shut down according to an official document accusing the company of tax irregularities.

The tax agency representatives have declared that they found multiple inconsistencies in the company’s accounts and financial records. All the 115 branches have not opened their doors to the public since Thursday until Saturday.

There are some who say this is another one of President Chavez’s attempts to chase out of the country all that is American, as his aversion towards the US has been demonstrated on more than one occasion.

In the 10 years of  mandate, he has been known to raise the tax lever very often and eventually shut down the companies he wanted to “expel” for a couple of days on accounts of not paying their taxes. Only recently, the same thing happened to Pepsi.

The president also makes efforts to nationalize the operations of US companies in Venezuela, and his most memorable anti-American act was the expulsion of US officials from the country.

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Posted under International, Politics

This post was written by Dana Ciucalau on October 10, 2008

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