Twitter pays £1.24m in UK tax as revenues increase by 30.5%

Source: https://www.theguardian.com/technology/2016/oct/03/twitter-uk-tax-revenues-staff-shares-2015-results

Twitter now has to pay more tax because of the revenue that it has accumulated over time. However, they have been criticised in the past for locating in Ireland to avoid tax. However, they have said that they pay the tax that the 163 staff members in the UK.  

• Twitter UK’s 163 staff get £12.5m in shares as company reports revenues of £76m last year, but analysts say figure is much higher
• Twitter UK made a £3.36m pre-tax profit last year, up from £3.29m in 2014.

In my opinion, I think that this does highlight twitters success. Especially considering that their revenues have increased this is a good thing from a financial standpoint. However, the criticism about Ireland does seem suspicious however it is good to see that Twitter does pay the tax that the 163 staff members have been taxed.