The article above is about how people believe that Twitter do not pay enough tax and try to avoid paying tax as much as they can. A way in which they do this is by locating their Headquarters in London but moving their money to Ireland. However, a Twitter spokesman went on to say that they haven't avoided pay tax and went on to talk about how they had employed 163 people last year, in 2015, which is an increase for the previous year (126 were employed). With those statistics, the spokesman also backed these statistics by talking about how each employer is worth about £108,000 and altogether costed Twitter roughly £18 million. Finally, the spokesman also went on to say that they do not avoid tax and they do pay all taxes required in the UK, which is what Twitter is highly criticised for.
- Twitter UK made a £3.36m pre-tax profit last year, up from £3.29m in 2014.
- On average, each staff member cost almost £108,000.
- Twitter’s British operation paid £1.24m in tax last year as staff enjoyed a £12.5m shares windfall.
- The company set aside £12.5m to cover the cost of shares for employees, down from £14m in 2014.
In my opinion, i believe that Twitter are just trying to keep themselves clear from any speculations and criticism. Since they move their money around from land to land, it is highly believable that they are trying to avoid paying tax. Therefore, I believe that what they are doing is wrong. Since they are a wealthy and upcoming company, I do believe that this is a wrong thing but them trying to avoid taxes; Mainly because of the fact that less wealthier people, who which work for a much less amount still have to do their duty and pay taxes to the government. So, I believe that if you are a wealthy company like Twitter, then you should pay taxes and not try to escape it because this is an unfair thing to do.
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