Twitter’s UK’s team of 163 staff get shares of £12.5 million as the company is recorded as having a revenue of £76 million last year. However analysts predict the figure is actually much higher.
The popular US social media company, which currently has rumours circulating of a potential acquisition by Google, Disney or computing company SalesForce reported a rise in UK revenues of 30.5% to £76 million in 2015. However eMarketer analysts estimate the actual figure sits around £135.5 million.
This means that up to £60 million of Twitter’s revenue may have been book in Ireland, where the parent company of the UK operation is incorporated.
Twitter is not the only company accused of avoiding the higher corporation tax bills of the UK or US. As mentioned in our previous blog post a number of large companies such as Apple are under investigation by the U.S. state.
On average, each twitter employee cost almost £108,000; while the company’s top directors is not revealed in the UK accounts.