Why $370bn tech group Palantir pays just 1.4 percent tax: Report
Summary
Palantir Technologies, a US data analytics and AI company, paid only 1.4% in global taxes in 2025 despite growing revenues and large government contracts. A new report shows Palantir shifts profits to the US to reduce taxes and benefits from recent tax cuts under President Donald Trump.Key Facts
- Palantir reported $1.94 billion in revenue for the second quarter of 2025, a 93% increase from the previous year.
- The company’s global effective tax rate was only 1.4% in 2025.
- Palantir shifts profits from contracts in the UK and Europe to its US parent company, lowering taxable income abroad.
- In the UK, Palantir paid about £2 million ($2.7 million) in corporate taxes despite winning over £670 million ($900 million) in government contracts.
- Palantir benefits from US tax changes made under President Donald Trump, including the cut of the federal corporate tax rate from 35% to 21% in 2017.
- Palantir was founded in 2003 and has connections to US intelligence agencies through early backing by In-Q-Tel, a CIA venture fund.
- The company works with US government agencies like ICE and DHS, providing technology to combine large datasets, raising privacy concerns.
- Palantir’s market value is about $370 billion, making it one of the largest publicly traded companies.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
