Twitter UK reports retained profits of less than £100,000

Company, which has 100 staff in Dublin, refused to confirm that UK sales were routed through Ireland and not subject to UK tax.
Twitter, which is tipped for an $11bn (£7.3bn) stock market flotation in New York, has filed small company accounts in Britain, reporting retained profits last year of just £92,408.
The abbreviated UK accounts point to the booming company using controversial corporate structures in Ireland to book fast-growing sales from British advertisers. Such a move means any resulting profits from these sales would not be subject to UK tax.
Google has faced an outcry in recent months for similar arrangements. It told HMRC its UK sales were "closed" in Ireland, even though some of its extensive UK sales staff and customers believed otherwise.
In May, Margaret Hodge, chair of the public accounts committee, told Google's northern Europe boss, Matt Brittin, she had received evidence from several Google tax whistleblowers, leading her to conclude that his company's behaviour on tax was "devious, calculated and, in my view, unethical". There was no suggestion Google broke the law.
A spokesperson for Twitter in London refused to confirm that UK sales were routed through Ireland, noting the business was privately owned. In a statement, the company said: "Since Twitter UK opened in 2011 we have been steadily building our team, focusing on promoting great uses of Twitter by all elements of UK society – the arts, sport, government, and brand partners."
The company said its Dublin office employed 100 people and 60 staff at its central London offices. The group's heads of policy, mid-market sales, legal and finance for EMEA (Europe, the Middle East and Africa) are all said to operate out of Dublin. Meanwhile, the UK director of sales, UK director of partnerships and UK general manager work in the London office, alongside software engineers and managers who had previously worked for Tweetdeck, acquired by Twitter two years ago.

Source: https://www.guardian.co.uk/business/2013/jul/05/twitter-uk-report-retained-profits