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JUL 05, 2013 - The Guardian

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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 taxTwitter, 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 ... Read More

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