Palantir Paid Just £2.1m UK Corporation Tax in 2024 While Holding £670M in Government Contracts
The report says Palantir booked only 1.4% of global profits as tax and used transfer pricing to cut its European tax bill.
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10 Articles
Palantir: Surveillance State Profiteer Making Billions in Profits, But With an Effective US Tax Rate of... Zero
"The likes of Palantir need to stump up what's due," said one expert. "Tech giants raking off billions in profit can’t be free to pay what they please."
Palantir Paid Just £2.1m UK Corporation Tax in 2024 While Holding £670M in Government Contracts
Palantir paid just £2.1 million in UK corporation tax in 2024, despite holding an estimated £670 million in government contracts, according to a report published on Wednesday by the Centre for International Corporate Tax Accountability and Research (Cictar). The software firm declared profits of more than £25 million in the UK that year, giving it an effective tax rate of just over 8 per cent, well below the UK's 25 per cent corporation tax rate…
Palantir’s EU tax tricks exposed as unions demand tougher rules on public contracts
US based data-analytics company Palantir has found ways to avoid at least €12m in European taxes, according to a report published on Wednesday (5 August). According to a study by the Centre for International Corporate Tax Accountability and Research, the world’s largest surveillance company were found to shift European profits to the US, where they are cleared of all federal income tax responsibilities, while also relying on stock-based compensa…
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