The Centre for International Corporate Tax Accountability and Research (Cictar) alleges Palantir Technologies minimizes European tax obligations. The data analytics firm maintains a global effective tax rate of 1.4%. Critics claim the company artificially reduces taxable income by reporting lower profit margins in Europe than in the US.
Palantir paid £2.1 million in UK corporation tax in 2024. The company reported UK profits exceeding £25 million during that period. This represents an effective tax rate of approximately 8% in its largest non-US market. Palantir has secured hundreds of millions in European government contracts.
The report suggests Palantir books revenues with US entities that charge service fees to local European subsidiaries. Palantir states it complies with all local tax laws. The company describes its practices as standard for multinational corporations.