Palantir pays 1.4% tax rate despite $370bn valuation: report

A new report by CICTAR alleges that Palantir Technologies, a US data analytics and AI firm valued at around $370bn, has engineered its corporate structure to pay no US federal corporate income tax, with a global effective tax rate of just 1.4% in 2025. The company, which reported Q2 revenue of $1.94bn, faces criticism for its contracts with the Israeli military and ICE. Palantir says it fully complies with all tax regimes.