CICTAR claims its investigation shows that Palantir shifts profits to the US, where earlier losses and tax breaks help it pay little or no federal corporate income tax. Palantir paid no US federal corporate income tax in 2025 and just $2.5m in state income taxes, according to the CICTAR report. “The current 21% US federal corporate income tax rate (reduced from 35% in 2017 during the first Trump administration) should have seen Palantir incurring a $348 million US federal income tax expense in 2025. However, it paid zero in US federal income tax and only $2.5 million in US state income taxes,” the report states. By contrast, 96 percent of its profits were booked in the US, where its accumulated tax benefits meant it paid no federal corporate income tax.