Urgent.News

the world's headlines, one feed

Editions

Business

Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts

Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union boss The software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundreds of millions, thanks to tax breaks that are likely to reduce its contributions to governments around the world for years to come. The…

Palantir paid just £2m corporation tax in UK in 2024 despite lucrative public sector contracts

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at theguardian.com →

More in Business

Inside the secretive network fueling the megayacht boom

Thanks to a wave of newly minted AI billionaires, a discreet network of off-market brokers who help the rich purchase superyachts is booming.

  • Monaco-based yacht broker Tomek Wrzesinski sells extravagant boats to ultra-wealthy clients.
  • Cryptic weekend text messages convince clients to purchase yachts discreetly.
  • Off-market yacht transactions increase by 5% this year, potentially doubling since 2019.
Team8 raises $365m

Team8 raises $365m

$265 million will go to Team8’s third fund, which has already made an exit, and $100 million will be allocated to follow-on investments in existing portfolio companies.