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SYDNEY, May 20 (Xinhua) -- International fast-food giant McDonald's has been accused of avoiding almost 500 million Australian dollars (395.4 million U.S. dollars) in corporate tax by shifting profits from Australia to Singapore Discount Chicago Cubs Jersey , Fairfax Media reported on Wednesday.

A report, funded by a coalition of global trade unions, does not allege illegal behavior, but after analyzing McDonald's Australia's financial accounts, shows it has been taking advantage of current international loopholes that allow companies to pay low tax rates on royalty income.

"McDonald's uses royalty payments from franchises and foreign subsidiaries in major markets to route profits to tax havens Discount Arizona Diamondbacks Jersey ," the report said according to Fairfax Media. "These strategies may have allowed it to avoid up to 1.8 billion U.S. dollars in tax in those markets in the years

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