Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts

Palantir paid just £2m in corporation tax in the UK in 2024 despite holding public sector contracts worth hundreds of millions, according to The Guardian. The US-headquartered software group, which uses AI for NHS and Ministry of Defence work, benefits from tax breaks that may reduce its contributions globally for years.

Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts By Juliette GarsideSource: The Guardian Technology https://www.theguardian.com/us/technology 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 https://www.theguardian.com/politics/2026/jul/09/mps-urge-labour-to-ditch-330m-palantir-software-contract-with-nhs and the Ministry of Defence, is growing exponentially. Continue reading... https://www.theguardian.com/technology/2026/aug/05/palantir-corporation-tax-uk-2024-accounting-practices Get AI news in your inbox Daily digest of what matters in AI.