In 2024 the company paid just £2.1m in UK corporation tax, despite declaring profits of over £25m, giving an effective tax rate of just over 8%, researchers found. For example, Palantir disclosed £159m of revenues in its UK company filings for 2024, but disclosed £247m of UK revenues in its stock market filings. “Crucially, it means that more tax is paid because corporation tax is 25%, whereas for these shares, income tax, which is higher, is due.” In his second term, he negotiated a carve-out from an international agreement to impose a minimum tax rate of 15% on large multinationals. Palantir said it paid $148m in UK employment taxes last year, a figure that included employer national insurance contributions and some income tax paid on behalf of staff.