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 The software group Palantir paid just £2m
Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union boss The software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundreds of millions, thanks to tax breaks that are likely to reduce its contributions to governments around the world for years to come. The US-headquartered company, which has harnessed AI to secure lucrative work for the NHS and the Ministry of Defence, is growing exponentially. Continue reading...
The BriefWire