Friday, October 10, 2008

Venezuela shuts down McDonalds

The Venezuelan government has ordered all McDonald's restaurants in the country closed for 48 hours for what it calls irregularities in the fast-food chain's financial books. President Hugo Chavez's government has regularly cracked down on U.S. companies. The order stands for Thursday through Saturday, affecting all 115 McDonald's restaurants nationwide. Authorities found "inconsistencies" in sales and purchases books as well as in taxes collected. President Hugo Chavezh as regularly cracked down on U.S. companies that have allegedly fallen behind on tax payments. Last year it shut down the subsidiary of Coca-Cola Co. for 48 hours for alleged bookkeeping irregularities. Chavez supporters often accuse U.S. companies of exploiting Venezuelan workers and have called for boycotts of American firms such as Coca-Cola, McDonald's and Nike.

I never know the animosity towards the US would go as far as cracking down on American companies in their country...


cnn.com

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