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

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.Palantir’s shares bounced 17% in early trading on Tuesday after its chief executive, Alex Kar...

Read more at theguardian.com

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