RANT: Isn’t a “transfer their franchise to a family member” a taxable event?

Monday, October 30, 2023

https://nypost.com/2023/10/30/business/mcdonalds-revenue-soars-as-it-hikes-menu-prices-18-big-macs/

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Existing franchisees who plan to maintain their current footprint or who buy a franchise from another operator, as well as those who rebuild existing locations or transfer their franchise to a family member, will not be affected by the price hike.

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Isn’t that a taxable event?

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