Did you have any idea Twitter was doing as well as Google and Apple? Maybe that’s a bit of an exaggeration, but the company has decided to follow in the two giants’ footsteps by playing the same tax game they do. After filing the paper work for a billion dollar IPO, the company is now looking to avoid taxes by using Irish shell companies and setting up their base of operations in the Cayman Islands.

Ireland’s Finance Department is seeking to close the very loophole Twitter is currently poised to make use of. The proposal to do so won’t occur until 2015, but the country’s finance minister, Michael Noonan, is leading the charge to get it taken care of. Whether or not this’ll spell doom for Twitter’s tax evasion plans is unknown, but they have to start making money before they can even start worrying about taxes.
Source – The Verge
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