Twitter’s New Dublin Office Will Cut 16% Off Its EU Tax – Maybe More
We’re not exactly surprised. As we predicted in May, Twitter is setting up its European HQ in Dublin (in fact this is its first international office outside the Valley). The reasons are simple: money.
Following the long- tradition of US companies in Europe (joining Google, Yahoo, AOL, Facebook, PayPal, LinkedIn, IBM, Microsoft, Oracle, Intel, Apple, HP and Zynga) Ireland’s 12% corporation tax, and 45 minute flight from London (where corporation tax is 28%) is just too tempting not to take advantage of. One annual board meeting later and you can be back at you Mayfair pad in one day.
Twitter, founded by Jack Dorsey, Biz Stone, and Evan Williams in March 2006 (launched publicly in July 2006), is a social networking and micro-blogging service that allows users to post their latest updates. An update is limited by 140 characters and can be posted through three methods: web form, text message, or instant message. The company has been busy adding features to the product like Gmail import and search. They recently launched a new site section called “Explore” for…