Despite reporting 55% profit margins and over $1.6 billion in net income, Palantir maintains an effective global tax rate of just 1.4% and pays zero federal income tax in the United States.
Governments hand out billions in lucrative contracts to tech corporations to build surveillance systems, track migrants, and process public health data. Yet those same companies use every legal loophole available to avoid paying tax on their profits.
In this episode of In Solidarity, openDemocracy editor Aman Sethi and tech reporter Jade-Ruyu Yan sit down with Jason Ward, principal analyst at the Centre for International Corporate Tax Accountability and Research (CICTAR), to analyze Palantir’s global tax practices.
Palantir supplies technology to US immigration enforcement, the Israeli military, and the UK’s NHS. Despite reporting 55% profit margins and over $1.6 billion in net income, Palantir maintains an effective global tax rate of just 1.4% and pays zero federal income tax in the United States.
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