Palantir paid just £2m corporation tax in UK in 2024 despite £247m revenue, £25.3m profit. Doesn't pay much anywhere, effective global tax rate is 1.4% Shifts profits through intragroup transactions, enjoys tax breaks. UK Govt rewarding it with public contracts, enriching execs & shareholders.
Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts
Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union boss
theguardian.com