--- title: Palantir paid just £2m corporation tax in UK in 2024... description: Palantir paid only £2.1m in UK corporation tax in 2024 despite declaring £247m in UK revenues and holding an estimated £670m in government contracts. A report... canonical: https://daily.dev/posts/palantir-paid-just-2m-corporation-tax-in-uk-in-2024-despite-lucrative-public-sector-contracts-bvygsgil4 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts | daily.dev og:description: Palantir paid only £2.1m in UK corporation tax in 2024 despite declaring £247m in UK revenues and holding an estimated £670m in government contracts. A report... og:url: https://daily.dev/posts/palantir-paid-just-2m-corporation-tax-in-uk-in-2024-despite-lucrative-public-sector-contracts-bvygsgil4 og:image: https://api.daily.dev/og/posts/bVYgsgIL4.png og:image:alt: Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts 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 paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts **[Hacker News](https://daily.dev/sources/hn)** · 5 min read · 0 upvotes · 0 comments ## Summary Palantir paid only £2.1m in UK corporation tax in 2024 despite declaring £247m in UK revenues and holding an estimated £670m in government contracts. A report by the Centre for International Corporate Tax Accountability and Research found the company's effective global tax rate is just 1.4%. Key mechanisms include transfer pricing — booking UK revenues through its US parent — and share option deductions that have accumulated billions in US tax credits, shielding it from federal income tax for nearly a decade. Palantir defends all practices as standard and legal, while trade union Unison, which commissioned the report, is calling on the UK government to stop awarding public contracts to companies that minimise their tax contributions. ## Full article daily.dev links to this article rather than hosting it. 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