Palantir, the US spytech firm accused of abetting Israel’s genocide in Gaza, enjoys lavish tax breaks on UK profits that are already derived from taxpayers’ money, an analysis by openDemocracy has found.
The company has been awarded at least £670m in UK public contracts in recent years. That includes a £330m deal to manage sensitive NHS data, signed despite the fact Palantir's co-founder Peter Thiel has expressed disdain for publicly funded healthcare.
Those contracts have helped make the UK Palantir’s second-largest market by revenue, with 2024 pre-tax profits of £25.3m.
But its effective UK tax rate that year was only £2m, or 8%, far lower than the norm of 25% paid by firms with profits above £250,000. In 2023 it was even less, at 4.7%, and in 2022 it was 4.2%.
For 2025, Companies House filings suggest Palantir paid less than £820,000 in cash tax in the UK, less than it paid in Korea, Japan, France and Germany.
The low rate was due a structured arrangement that limits the amount of profits recognised in the UK, as well as a rule that awards large tax breaks to firms that compensate their employees with stock instead of cash, openDemocracy reported.
The report said the nature of filings made it difficult to assess the total amount of tax breaks Palantir has received, but by 2022 alone it had accumulated £230m in tax relief from what it called “employee share acquisition relief”.
“When profitable companies are paying very little tax, especially when much of their revenues derive from taxpayers' money itself, then it's important to ask why,” Mike Lewis, director of TaxWatch, told openDemocracy.
“Is it because tax incentives and tax breaks are poorly targeted? Or is it because companies are shifting profits in ways that our tax system is supposed to counteract?”
The heatwave gripping western Europe is the most severe and widespread on record. Scientists are clear that it was only made possible by the climate crisis, driven by fossil fuel burning.
And yet there are senior voices within our party - and trade union leaders - advocating for new licences for North Sea oil and gas extraction. It is utterly surreal, short-sighted, and irresponsible in the extreme.
A just, worker-led green transition is non-negotiable, but the idea that net-zero is anti-worker is a false dichotomy - one we cannot afford to get trapped in.
Every second spent debating whether to drill in the North Sea is a precious second we are not spending on advocating for the mitigation and adaptation measures we so desperately need.
today is the hottest june day in the uk since records began. the second hottest was yesterday. the third hottest was the day before that. all were hotter than 1976.
being a climate change denier in 2026 should qualify as a mental illness.
Morty: Capitalism gives everyone a chance to get rich if they just work hard enough.
Rick: Oh my god, Morty! Capitalism doesn't work if everyone wins. It needs poverty to function. Someone has to take the low-paying jobs so the profits keep flowing upward. If everyone had real financial security, no one would take those positions and the system would collapse.
Morty: But Rick, that's just how the market works. Some people earn more because they provide more value.
Rick: Tell that to the kid assembling your iPhone overseas for pennies while some CEO makes millions off it. Capitalism doesn't reward work, it rewards ownership. You don't climb the ladder by working hard, you climb it by owning the ladder. The workers collectively produce infinitely more value than some shareholder living in the Bahamas.
Morty: Okay, but isn't it about freedom People can still move up if they make good choices. Look at people who came from nothing and became successful, like entrepreneurs or celebrities.
Rick: Those are exceptions, idiot. That's why they're on TV. For every one person who makes it out, millions stay stuck because they never had the same luck, connections, or safety nets. The system needs those stories so people believe it's fair.
🇵🇸 “Just a question to the BBC, given that you dropped our film, will you drop us from the BAFTA screening later on tonight?”
‘Gaza: Doctors Under Attack’
Fuck Keir Starmer
- A man who couldn't get us cancelled from Glasto
- A man who couldn't beat us in court
- A man who has destroyed the Labour Party
- A man whose government supports war criminals in Israel with weapons and intelligence
No training tonight. Instead a 3K time trial.
To prove it was done today, players had to film themselves holding something beginning with 'B.'
Most interpreted wisely
We offer sincere apologies to the people of Fleet who may have seen @Billyupton8 running with a baseball bat.
If you must know, I was going to a chemist with my daughter-in-law, to get some medicine for her unwell husband….my son. Hatred is a dreadful weakness.
Be Dave Smith
Do 20 guest spots on Piers Morgan
Get challenged to a debate by Dave Rubin. Accept. Have Dave Rubin run away.
Let Piers Morgan win the debate for you
Ever seen a debate won by surrogate?
Now you have.
Reforms previous Welsh leader got sentenced today for 10.5 years for accepting bribes for Russia.
They're trying to distract you.
https://t.co/0qbagSwgNX
INVESTIGATION: Inside Project Nimbus
To secure the lucrative contract, Google & Amazon agreed to secretly notify Israel if a foreign court demands its data, and disregard their own terms of service.
By @yuval_abraham for @972mag@mekomit@guardian
https://t.co/1PTJkNyXM7
Materials submitted by soldiers’ friends confess that troops used kidnapped Palestinians, mostly elderly, as human shields on a daily basis.
When injured or exhausted, the victims were instructed to walk into designated killing zones to be gunned down by other units.
To add clarity to this:
Influencers in China that discuss topics such as medicine, law, education, or finance must prove they are qualified or certified to do so, in an aim to clamp down on misinformation.
Right now it impacts large influencer accounts (1m+ followers) and also focuses on advertisements such as those for fake medical cures / supplements.