--- title: Palantir holds £670m of UK contracts. In 2024 it paid... description: Palantir holds approximately £670m in UK government contracts and declared £247m in UK revenue for 2024, yet paid only £2m in UK corporation tax. A report by... canonical: https://daily.dev/posts/palantir-holds-670m-of-uk-contracts-in-2024-it-paid-2m-in-corporation-tax--449dvfuqy twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Palantir holds £670m of UK contracts. In 2024 it paid £2m in corporation tax. | daily.dev og:description: Palantir holds approximately £670m in UK government contracts and declared £247m in UK revenue for 2024, yet paid only £2m in UK corporation tax. A report by... og:url: https://daily.dev/posts/palantir-holds-670m-of-uk-contracts-in-2024-it-paid-2m-in-corporation-tax--449dvfuqy og:image: https://api.daily.dev/og/posts/449dvFuQY.png og:image:alt: Palantir holds £670m of UK contracts. In 2024 it paid £2m in corporation tax. og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Palantir holds £670m of UK contracts. In 2024 it paid £2m in corporation tax. **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Palantir holds approximately £670m in UK government contracts and declared £247m in UK revenue for 2024, yet paid only £2m in UK corporation tax. A report by the Centre for International Corporate Tax Accountability and Research found Palantir's global effective tax rate at 1.4%, describing a pattern of profit-shifting where almost all pre-tax profit flows to the US parent. Palantir books only 4% of revenue abroad despite a quarter of customers being non-US. The company defends its practices as legal and standard for multinationals, noting it paid $148m in UK employment taxes. The report, commissioned by trade union Unison, raises political questions about awarding public contracts to companies that minimise tax contributions. Palantir has also faced rejection from Germany's military and is being dropped by France's intelligence service. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Palantir has hired more than 30 senior UK Government officials](https://daily.dev/posts/palantir-has-hired-more-than-30-senior-uk-government-officials-hmhxduc2g) · Hacker News · 0 upvotes · 0 comments - [A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’](https://daily.dev/posts/a-pentagon-memo-tells-staff-to-spend-244m-with-palantir-its-subject-line-is-funding-palantir--kt7en8w9o) · The Next Web · 0 upvotes · 0 comments - [Britain's Ministry of Defence agrees deal with Palantir](https://daily.dev/posts/britain-s-ministry-of-defence-agrees-deal-with-palantir-eqcnlafjp) · The Register · 1 upvotes · 0 comments --- [View this post on daily.dev](https://daily.dev/posts/palantir-holds-670m-of-uk-contracts-in-2024-it-paid-2m-in-corporation-tax--449dvfuqy) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Palantir holds £670m of UK contracts. 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