Despite holding a market valuation exceeding $320 billion, Palantir has become deeply embedded in European public infrastructure, managing workflows ranging from healthcare to defense. The report highlights a significant gap between the taxes the firm currently pays and its expected liabilities within the bloc. This financial strategy arrives as the company faces mounting scrutiny over the ethical implications of its software.
Palantir accused of dodging millions in European taxes
A report from the Centre for International Corporate Tax Accountability and Research estimates that Palantir has avoided at least €12 million in European taxes this year. By shifting profits to the United States and utilizing stock-based compensation, the data giant has effectively minimized its local tax footprint while securing lucrative public contracts.
Joana Louçã of the Corporate Europe Observatory argues that Palantir’s technology acts as an "indispensable nervous system" for state institutions, creating a cycle of dependency. Beyond fiscal concerns, the firm remains a target for NGOs like Amnesty International. Critics point to the company’s AI-powered tools, which have been implicated in human rights violations through partnerships with agencies such as the Pentagon, Europol, and Israel’s IDF. Co-founded by Peter Thiel, the company continues to navigate a turbulent political landscape while expanding its footprint in European procurement.
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