Twitter the latest tech company looking to play tax avoidance shell game

Two weeks after Twitter filed the paperwork for a planned billion-dollar IPO, we learn that it’s poised to take advantage of the same international tax loopholes as other large firms like Apple, Google, and Amazon. Citing Twitter Ireland documents, Valleywag reports that the company has all the requisite parts for the “Double Irish and Dutch Sandwich” — a scheme that can minimize a company’s tax exposure by enabling it to lease its intellectual property to foreign subsidiaries. The idea is to turn foreign profits into tax-free revenues, and everything from the existence of Irish shell companies to their Cayman Islands home base give ample insight into Twitter’s strategy.

Continue reading…

The Verge – All Posts

Leave a Comment