By Steve Nolan PUBLISHED: 07:11 EST, 6 July 2013 | UPDATED: 07:15 EST, 6 July 2013 Twitter could become the latest high profile company to come under scrutiny for its tax arrangements after reporting UK profits of less than £100,000. The abbreviated accounts of the company, which is tipped to float on the New York stock market for £7billion, indicate that the company may be using corporate structures in Ireland to close deals with UK advertisers. Such a set up, similar to a controversial arrangement adopted by internet giant Google, would mean that any profits from the sales would not be subject to tax.
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Twitter reported UK profits if just £92,408 according to abbreviated accounts
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It may be using Irish corporate structures to book UK advertising sales
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The company refused to confirm whether deals are closed in Ireland
@placeholder faced much criticism for claiming to 'close' its deals in Ireland.