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. Globally, the report found Palantir's effective tax rate was just 1.4 per cent.
