Palantir paid just £2m in UK tax despite £670m in government contracts
The software group Palantir paid just £2M in corporation tax in the UK in 2024
A report commissioned by Unison reveals that Palantir paid only £2.1m in UK corporation tax in 2024, despite declaring over £25m in profits and holding lucrative public sector contracts worth hundreds of millions. The company's effective global tax rate is just 1.4%, achieved through transfer pricing and share options, leading to accusations of tax avoidance on an industrial scale.
Systems that enable tax to be shirked on an industrial scale clearly have to change. The likes of Palantir need to stump up what’s due.
- rimbo789
The existence of Palantir is a significant public policy failure. It is a tool for corrupt actors - both private and public - to maximize how much they steal from all of us. Their use of existing tax policy is just an example.
Palantir should be shut down tomorrow; the data it’s collected deleted, its IP destroyed and its executives jailed.
- freakynit
In case anyone is interested in knowing the "how" part, read this: https://palantir-uk-tax-evasion.pagey.site/
- tjpnz
How to opt-out of sharing your NHS health records with Palantir:
https://www.nhs.uk/using-the-nhs/about-the-nhs/opt-out-of-sh...
- Cider9986
Seems like Palantir and the UK are a great match for each other.
- hn6l4bg2fw
Counterpoint: it's not always that simple