The existence of Palantir is a significant public policy failure. It is a tool for corrupt actors - both private and public - to maximize how much they steal from all of us. Their use of existing tax policy is just an example.
Palantir should be shut down tomorrow; the data it’s collected deleted, its IP destroyed and its executives jailed.
> contracts with customers were signed with Palantir’s US companies, which in turn paid a service fee to local country subsidiaries to deliver the work.
Similar trick are used by many companies, for example Starbucks UK conveniently paid £40m in "royalty and license fees" to the parent company resulting in a £35m loss in the UK.
I would have enforced different laws if necessary for such companies to tax them properly, because they are getting rich using my populations money, they should contribute back accordingly.
If you threaten to leave the UK, sure go ahead, your market will be filled quickly. Same for Palantir.
This seems entirely reasonable. Suppose you're a company and you lost $100m over the last few years, so naturally you have a sizable tax deduction from future earnings. Even if you're profitable now, over the life of your business you've lost money so it makes sense you don't pay taxes until you make back that $100m you lost.
If you begin selling in a different tax jurisdiction, that would be unfair that you have to start paying corporate taxes despite being unprofitable. It's not a brand new company and you're using the resources you built in the other country so royalty and licensing fee make sense. In other words, Starbucks brand name and operational efficiencies are assets that were developed in the US, so the US subsidiary should receive revenue from the service to the UK branch
>so it makes sense you don't pay taxes until you make back that $100m you lost
LOL. You losing money with your business is no excuse to not pay taxes on profits you make after losing money. Just because you lost money doesn't mean you dont make profits until you earned back that money. Taxes should be paid every time you make money in the country your business operates in. Simple as that. Everybody benefits off of tax money.
> Just because you lost money doesn't mean you dont make profits until you earned back that money. Taxes should be paid every time you make money in the country your business operates in.
Over what timescale? For instance, if the first month I operate my business I have a loss of $50,000 (have to buy initial supplies and equipment, hire employees, etc.), but in the second month sales start taking off and I net $20,000 do I (a) have a total loss of $30,000 and pay no tax or (b) owe taxes on the $20,000 in month two?
This can be extended, e.g. profit and loss can be calculated on a weekly, daily, or even hourly basis. In the extreme case, this is no longer a tax on profit but on revenue (which essentially runs any business that has a smaller margin than the tax rate out of business since every dollar of revenue coming in results in more tax liability than the business actually nets).
Before you say "obviously profit and loss should be calculated in a yearly cadence" I would note that the choice of a year is fairly arbitrary and this taxation scheme would greatly disincentive any sort of capital allocations that would take more than a year to payoff (as a small example, would incentive leasing equipment annually vs. buying outright).
Timescale has nothing to do with this though. You're Starbucks, you sell me a cup of coffee, you make profit from that cup of coffee, you pay taxes on that singular profit.
What your companies bank account states is not what I care about as tax collector. The profits you make have nothing to do with the equipment you bought earlier to even start the business. Otherwise you could simply: Buy expensive stuff -> even out with profits, buy expensive stuff again, even out with profits and never pay taxes.
What do you mean by "make profit from that cup of coffee"? A cup of coffee is hot bean water in a cup - is profit simply the price Starbucks charges minus the cost of (water + bean + cup)? What about the cost of energy to heat the water? What about the fractional cost of the machine that actually puts the water and beans together to brew the coffee (you could do some sort of analysis based on purchase price / total number of coffees made over useful lifetime)? What about the small fraction of time the barista spends making and handing the coffee to you? What about the wear and tear on the machine (e.g. it breaks down X% of the time and costs $Y on average to fix) - does that factor into this "profit" you keep talking about? What about the rent on the building? If none of that matters, then you should spin up a competitor where you simply stand on a street corner hand your customers a cup, cold water, and some raw beans - I don't think you'll take too many of Starbucks customers.
All of these factors, and many more play into the "profit" of an operation like Starbucks, so how do you determine what the real true profit of that one cup of coffee is? It is much simpler to simply say "Hey, just hand over x% of profits at the end of the year" with some reasonable guidelines as to how accounting should be done (see stuff like GAP for example) than to sit down and determine what the individual "profit" is for every single individual cup of coffee sold at every single Starbucks location.
>Otherwise you could simply: Buy expensive stuff -> even out with profits, buy expensive stuff again, even out with profits and never pay taxes.
Yep, you could do this. Only problem is, uh, you never make any money. If you're running a hobby or something, that's fine, but most people owning business want to realize some profit...
If course there are still shenanigans you can pull between different tax districts, but someone somewhere needs to realize a profit at some point - otherwise they are running a jobs program and not a business.
Everything you named should be included in the price you charge for a cup of coffee. So the money you extract from it, minus the cost you named is your profit. If you dont make profit on that sale, I have bad news for your business idea.
>Yep, you could do this. Only problem is, uh, you never make any money. If you're running a hobby or something, that's fine, but most people owning business want to realize some profit...
Debt is technically profit in that sense, as long as you can pay it back.
So I'll expect not having to pay VAT next time I buy from a franchised business operating in my country given that all of them usually make little to no profits officially.
The equivalent would be not having to pay taxes if you dont earn money (or lie about it which the franchise business might be doing legally or illegally). Fortunately its quite rare to have a job that results in negative income.
Unfortunately, VAT is a consumption tax that has little to do with the company. Your gov thinks you need to pay it because you consume. Are you paying a consumption tax on investments? No that would be really dumb
There's a coal mine here in Australia (NT I think) run by a company called Adani. When it was being proposed they did the usual "but think of all the taxes!" song and dance to get it approved.
It's never posted a profit despite about a billion in annual revenue, and so never paid a penny of corp tax.
Personally I think the tax authorities ought to take the line that a company posting losses like this is clearly not a viable, ongoing concern and ought to be wound up.
If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
Employees of said company are required to pay income tax on their earnings.
So while it may be completely factual that a resource extraction company paid no tax on its corporate profits, it is not factually complete as there is tax revenue generated by the operation of the company.
A company that manages to generate no taxable profit isn’t necessarily committing tax evasion, that’s a crime. It is most likely practicing tax avoidance, which any economically rational actor ought to do.
Note, I’m not making a value judgement here.
There’s plenty of good arguments to be made that Australia’s taxation system is in need of reform, and many that I’m in favour but are beyond the scope of this discussion.
> Personally I think the tax authorities ought to take the line that a company posting serial losses like this is clearly not a viable, ongoing concern and ought to be wound up.
Tax authorities don't need to do this. Investors will. Where will the money come from? If there's no future prospects, it will cease operations.
> If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.
> I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.
You are fundamentally missing the issue. What most of these multinationals do is to extract value from the places they operate but then move all the profit (in the books) to another tax jurisdiction, thereby not contributing to the community where they operate.
Furthermore this undercuts local businesses, further impoverishing the area.
Global commerce and cooperation unlocks some truly great opportunities but the finance people can really bring ruin if allowed free reign.
The only sane argument to be made against this practice is that governments should make their tax systems more favourable to companies operating in their jurisdiction so they have no reason to move their profits to a more favourable jurisdiction.
Australia has, if I understand correctly, the highest corporate profit tax rate in the OECD. Higher than New Zealand, the US, Canada, the UK, Ireland, Japan, Turkey, China, Greece, Belgium, Denmark, Sweden, Iran, Zimbabwe, Iceland, Finland, Ukraine, Hungary, Qatar, Iceland, anyway…
Why wouldn’t you expatriate your profits and retain your loses as a multinational operating in Australia?
Australia is increasingly and rapidly driving itself toward a future where higher taxes result in lower tax revenues as individuals, business, and corporations pick up their capital and leave for jurisdictions with more favourable regulations and taxation.
Governments shouldn’t aim to maximise taxation, that always kills innovation and the entrepreneurial spirit. They should aim to optimise taxation to a point where businesses flourish and infrastructure is built and maintained, and otherwise generally not be heard from much at all.
What value do they extract? They provide a good or service to denizens. Unless of course you believe in a serf model of government in which people are an asset of the state and everything should serve the states goals.
This is increasingly, and worryingly, becoming an ideology people are being swept up by.
It doesn’t help that there are Card Carrying Socialist activists in our public school system in Australia, indoctrinating kids in to a politically and economically bent out of shape ideology.
I don’t believe many Australians are aware of just how dangerously few steps away from the mouldy bread and rotting fish head soup lines version of “equality” we really are.
Since when has government, of any sort, been a reliable arbiter of truth or wisdom?
P.J. O’Rourke would be turning in his grave.
Giving money and power to government is like giving whiskey and car keys to teenage boys.
> If there's no future prospects, it will cease operations.
That's the point, there are plenty of future prospects, but the company is playing accounting games to hide the profits.
> I like how discussion of taxes turned everyone into a fierce defender of profit maximization.
No, we're just calling bullshit on the whole thing because we're tired of wealthy multinationals dodging taxes in our countries. That's how they should be contributing.
Yep, that's definitely one of the worse negatives here, they use this stuff to outcompete small businesses. The tax games directly fuel the enshittification of the British high street into a Starbucks/Costa wasteland.
The content generally reads like Claude slop. Lots of self-narration, throat clearing sentences, overuse of verbs like “lands”, overuse of tidy sentence conclusions.
It’s all fixable with a modicum of effort but combined with the slop styling I’m not sure what you’re trying to achieve other than just pushing slop online.
There is nothing wrong with using AI tools to do your work, or part of it. If there are genuine inaccuracies in the content, please point those out and I will fix them asap, so everyone can benefit.
These things are here, they are here to stay, and they will only get better. Better to learn to use them in correct manner, than shrug them off without any logical reasoning.
Because if you are someone that generates good content you might not know anything about designing or hosting websites. But they can ask an AI to do it for them so they can focus on what they are good at, generating interesting content.
yeah .. my country gets advanced software, better public sector capabilities, jobs, and investment ... and PLTR gets revenue which it taxmaxxes like any normal company does .. such scandalous, such rage wow's
this is probably an unpopular opinion, but isn't this working as intended:
* Palantir started in the US as a start up and burned a lot of money building the systems they are running today and that are finally profitable
* Those systems are used from the UK subsidiary but if a different consultancy would use them, they would be billed accordingly. That's transfer pricing
The article says as much. Before Palantir has to pay taxes in the US, they first work through previous losses which to a large extent are stock options for their employees. Early employees took a risk working there, it paid off, that gets deducted from the profits. Same for other early spending.
If they want the tax benefits of a different consultancy using their systems then they can sell their systems to other consultancies. Obviously there is an advantage to operating in the U.K. otherwise they wouldn’t do it so obviously they should pay taxes on their income earned in the U.K from their U.K. operations.
There's some of that, but a large part of the "Palantir magic" is the on-premises services - integration, customisation, training & support. There's almost 1000 UK employees that got paid 40% of revenue.
> a profit-allocation structure that lets most UK revenue/profit be recorded with the US parent instead of the UK subsidiary [...] Both only work because of a third factor: the US isn't taxing it either, so shifting profit "back" to the US isn't costly.
Seems a bit weird, they're not getting properly taxed anywhere in the world apparently. If they were properly taxed in the UK OR the US, things would have been different. But as noted, nothing here is illegal seemingly, just not good for anyone except Palantir.
I got curious while reading and I've read this[1]:
> Revenue is total money from core business activities before expenses are deducted.
> Income, or net income, is earnings remaining after all expenses are deducted from revenue.
Sorry for being pedantic. I don't understand why English has such ambiguous terms for something that shouldn't be. Or am I even more confused now?
To directly answer your comment: I agree that companies should be taxed on revenue and not income. Citizens are taxed on revenue, so why aren't companies?! They're supposed to be treated as people.
Taxing companies on revenue would completely wipe out low-margin businesses like supermarkets, and create massive distortions in the economy where one company being vertically integrated and owning everything being practically the only option, as otherwise goods passed between businesses means tax is paid on the revenue twice.
Some companies run at an extremely narrow margin. For example the margin for grocery stores is reportedly 1%. If you changed the tax system to tax gross revenues, now those stores would need to dramatically raise prices to accommodate.
It all depends on the tax level. If today they are texted at, say, 20%, this could be a 5% on gross revenue (or whatever), and indexed on the revenue (like for humans).
I am saying there are unintended consequences to such changes. If all the grocery stores all at once raised prices 5%, your margins might turn negative. And most of your neighbors.
Tax system and government budget in general are very deliberate system of smoke and mirrors designed to obfuscate how the money is spent. You are paying income tax, but your employee is paying payroll tax for you, is buying health insurance to avoid tax that would have to pay if that money was given to you. You are paying part of corporate tax indirectly, paying various tariffs sales taxes etc.
There should be only property tax and income tax, and the person paying the tax should be able to choose how to spend that money. Maybe you don't care and will let your congressmen to handle it, but maybe you would change your money to go to NASA or and then the government won't be able to spend so much on a pointless war or on building a stadium.
Unfortunately if your employer pays for private health insurance, HMRC says that is a taxable benefit and you still pay tax. The more insidious part is how the government makes employers pay a hidden 15% national insurance tax that needs to be paid on top of the tax on your salary.
The existence of Palantir is a significant public policy failure. It is a tool for corrupt actors - both private and public - to maximize how much they steal from all of us. Their use of existing tax policy is just an example.
Palantir should be shut down tomorrow; the data it’s collected deleted, its IP destroyed and its executives jailed.
In case anyone is interested in knowing the "how" part, read this: https://palantir-uk-tax-evasion.pagey.site/
It's mentioned in the article:
> contracts with customers were signed with Palantir’s US companies, which in turn paid a service fee to local country subsidiaries to deliver the work.
Similar trick are used by many companies, for example Starbucks UK conveniently paid £40m in "royalty and license fees" to the parent company resulting in a £35m loss in the UK.
https://www.theguardian.com/business/2025/apr/15/starbuckss-...
I would have enforced different laws if necessary for such companies to tax them properly, because they are getting rich using my populations money, they should contribute back accordingly.
If you threaten to leave the UK, sure go ahead, your market will be filled quickly. Same for Palantir.
This seems entirely reasonable. Suppose you're a company and you lost $100m over the last few years, so naturally you have a sizable tax deduction from future earnings. Even if you're profitable now, over the life of your business you've lost money so it makes sense you don't pay taxes until you make back that $100m you lost.
If you begin selling in a different tax jurisdiction, that would be unfair that you have to start paying corporate taxes despite being unprofitable. It's not a brand new company and you're using the resources you built in the other country so royalty and licensing fee make sense. In other words, Starbucks brand name and operational efficiencies are assets that were developed in the US, so the US subsidiary should receive revenue from the service to the UK branch
In a convenient amount that somehow just always exceeds the profits it makes, in perpetuity?
Pull the other one mate, it's got bells on.
How is it convenient that they lost a lot of money in the past and it pays it's employees in stock?
Yes, any company can pay 0 taxes by taking all the money that they made and setting it on fire, in perpetuity.
They could, but that's not what they're doing, they're moving the profit to a lower tax situation to avoid paying. Pure and simple.
>so it makes sense you don't pay taxes until you make back that $100m you lost
LOL. You losing money with your business is no excuse to not pay taxes on profits you make after losing money. Just because you lost money doesn't mean you dont make profits until you earned back that money. Taxes should be paid every time you make money in the country your business operates in. Simple as that. Everybody benefits off of tax money.
> Just because you lost money doesn't mean you dont make profits until you earned back that money. Taxes should be paid every time you make money in the country your business operates in.
Over what timescale? For instance, if the first month I operate my business I have a loss of $50,000 (have to buy initial supplies and equipment, hire employees, etc.), but in the second month sales start taking off and I net $20,000 do I (a) have a total loss of $30,000 and pay no tax or (b) owe taxes on the $20,000 in month two?
This can be extended, e.g. profit and loss can be calculated on a weekly, daily, or even hourly basis. In the extreme case, this is no longer a tax on profit but on revenue (which essentially runs any business that has a smaller margin than the tax rate out of business since every dollar of revenue coming in results in more tax liability than the business actually nets).
Before you say "obviously profit and loss should be calculated in a yearly cadence" I would note that the choice of a year is fairly arbitrary and this taxation scheme would greatly disincentive any sort of capital allocations that would take more than a year to payoff (as a small example, would incentive leasing equipment annually vs. buying outright).
Timescale has nothing to do with this though. You're Starbucks, you sell me a cup of coffee, you make profit from that cup of coffee, you pay taxes on that singular profit.
What your companies bank account states is not what I care about as tax collector. The profits you make have nothing to do with the equipment you bought earlier to even start the business. Otherwise you could simply: Buy expensive stuff -> even out with profits, buy expensive stuff again, even out with profits and never pay taxes.
What do you mean by "make profit from that cup of coffee"? A cup of coffee is hot bean water in a cup - is profit simply the price Starbucks charges minus the cost of (water + bean + cup)? What about the cost of energy to heat the water? What about the fractional cost of the machine that actually puts the water and beans together to brew the coffee (you could do some sort of analysis based on purchase price / total number of coffees made over useful lifetime)? What about the small fraction of time the barista spends making and handing the coffee to you? What about the wear and tear on the machine (e.g. it breaks down X% of the time and costs $Y on average to fix) - does that factor into this "profit" you keep talking about? What about the rent on the building? If none of that matters, then you should spin up a competitor where you simply stand on a street corner hand your customers a cup, cold water, and some raw beans - I don't think you'll take too many of Starbucks customers.
All of these factors, and many more play into the "profit" of an operation like Starbucks, so how do you determine what the real true profit of that one cup of coffee is? It is much simpler to simply say "Hey, just hand over x% of profits at the end of the year" with some reasonable guidelines as to how accounting should be done (see stuff like GAP for example) than to sit down and determine what the individual "profit" is for every single individual cup of coffee sold at every single Starbucks location.
>Otherwise you could simply: Buy expensive stuff -> even out with profits, buy expensive stuff again, even out with profits and never pay taxes.
Yep, you could do this. Only problem is, uh, you never make any money. If you're running a hobby or something, that's fine, but most people owning business want to realize some profit...
If course there are still shenanigans you can pull between different tax districts, but someone somewhere needs to realize a profit at some point - otherwise they are running a jobs program and not a business.
Everything you named should be included in the price you charge for a cup of coffee. So the money you extract from it, minus the cost you named is your profit. If you dont make profit on that sale, I have bad news for your business idea.
>Yep, you could do this. Only problem is, uh, you never make any money. If you're running a hobby or something, that's fine, but most people owning business want to realize some profit...
Debt is technically profit in that sense, as long as you can pay it back.
I dont know a single country that doesnt allow losses to be offset from future profits. Not a single one!
It discourages investments in your country.
So I'll expect not having to pay VAT next time I buy from a franchised business operating in my country given that all of them usually make little to no profits officially.
The equivalent would be not having to pay taxes if you dont earn money (or lie about it which the franchise business might be doing legally or illegally). Fortunately its quite rare to have a job that results in negative income.
Unfortunately, VAT is a consumption tax that has little to do with the company. Your gov thinks you need to pay it because you consume. Are you paying a consumption tax on investments? No that would be really dumb
Delivering work is a bit more defensible that the IP based transfers that big tech loves so much
There's a coal mine here in Australia (NT I think) run by a company called Adani. When it was being proposed they did the usual "but think of all the taxes!" song and dance to get it approved.
It's never posted a profit despite about a billion in annual revenue, and so never paid a penny of corp tax.
Personally I think the tax authorities ought to take the line that a company posting losses like this is clearly not a viable, ongoing concern and ought to be wound up.
If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
Carmichael coal mine in Queensland.
Queensland has a payroll tax, I don’t believe this is can be offset against losses, see here for more info https://qro.qld.gov.au/payroll-tax/
GST is payable on goods they use and services they consume.
Mineral royalties are in Queensland https://qro.qld.gov.au/royalty/calculate-mineral/rates/
Employees of said company are required to pay income tax on their earnings.
So while it may be completely factual that a resource extraction company paid no tax on its corporate profits, it is not factually complete as there is tax revenue generated by the operation of the company.
A company that manages to generate no taxable profit isn’t necessarily committing tax evasion, that’s a crime. It is most likely practicing tax avoidance, which any economically rational actor ought to do.
Note, I’m not making a value judgement here.
There’s plenty of good arguments to be made that Australia’s taxation system is in need of reform, and many that I’m in favour but are beyond the scope of this discussion.
> Personally I think the tax authorities ought to take the line that a company posting serial losses like this is clearly not a viable, ongoing concern and ought to be wound up.
Tax authorities don't need to do this. Investors will. Where will the money come from? If there's no future prospects, it will cease operations.
> If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.
> I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.
You are fundamentally missing the issue. What most of these multinationals do is to extract value from the places they operate but then move all the profit (in the books) to another tax jurisdiction, thereby not contributing to the community where they operate. Furthermore this undercuts local businesses, further impoverishing the area.
Global commerce and cooperation unlocks some truly great opportunities but the finance people can really bring ruin if allowed free reign.
The only sane argument to be made against this practice is that governments should make their tax systems more favourable to companies operating in their jurisdiction so they have no reason to move their profits to a more favourable jurisdiction.
Australia has, if I understand correctly, the highest corporate profit tax rate in the OECD. Higher than New Zealand, the US, Canada, the UK, Ireland, Japan, Turkey, China, Greece, Belgium, Denmark, Sweden, Iran, Zimbabwe, Iceland, Finland, Ukraine, Hungary, Qatar, Iceland, anyway…
Why wouldn’t you expatriate your profits and retain your loses as a multinational operating in Australia?
Australia is increasingly and rapidly driving itself toward a future where higher taxes result in lower tax revenues as individuals, business, and corporations pick up their capital and leave for jurisdictions with more favourable regulations and taxation.
Governments shouldn’t aim to maximise taxation, that always kills innovation and the entrepreneurial spirit. They should aim to optimise taxation to a point where businesses flourish and infrastructure is built and maintained, and otherwise generally not be heard from much at all.
What value do they extract? They provide a good or service to denizens. Unless of course you believe in a serf model of government in which people are an asset of the state and everything should serve the states goals.
This is increasingly, and worryingly, becoming an ideology people are being swept up by.
It doesn’t help that there are Card Carrying Socialist activists in our public school system in Australia, indoctrinating kids in to a politically and economically bent out of shape ideology.
I don’t believe many Australians are aware of just how dangerously few steps away from the mouldy bread and rotting fish head soup lines version of “equality” we really are.
Since when has government, of any sort, been a reliable arbiter of truth or wisdom?
P.J. O’Rourke would be turning in his grave.
Giving money and power to government is like giving whiskey and car keys to teenage boys.
Socialists in Schools: https://www.victoriansocialists.org.au/campaigns/socialists-...
> If there's no future prospects, it will cease operations.
That's the point, there are plenty of future prospects, but the company is playing accounting games to hide the profits.
> I like how discussion of taxes turned everyone into a fierce defender of profit maximization.
No, we're just calling bullshit on the whole thing because we're tired of wealthy multinationals dodging taxes in our countries. That's how they should be contributing.
There are counties that have zero percent corporate profits tax.
Be like them and the corporations won’t have a need to offshore their profit.
The alternative is One World Government, which, in its lesser form, empire, has a nasty habit rapidly turning quite sour.
The worst part is that local competitors can’t use structuring like this to evade/avoid taxes, so eventually they go out of business.
Yep, that's definitely one of the worse negatives here, they use this stuff to outcompete small businesses. The tax games directly fuel the enshittification of the British high street into a Starbucks/Costa wasteland.
Hard to look past the claude slop design
I use claude designed markdown renderer. This site is using the same.
Others, for example using the same renderer:
1. NPM Supply Chain Attack Techniques: https://npm-supply-chain-attack-techniques.pagey.site/
2. NPM Ecosystem Threat Report: https://npm-supply-chain-attacks-25-26.pagey.site/
AI generated "slop" is here, and it's here to stay. In case you do find some error in content, point that out please.
The content generally reads like Claude slop. Lots of self-narration, throat clearing sentences, overuse of verbs like “lands”, overuse of tidy sentence conclusions.
It’s all fixable with a modicum of effort but combined with the slop styling I’m not sure what you’re trying to achieve other than just pushing slop online.
There is nothing wrong with using AI tools to do your work, or part of it. If there are genuine inaccuracies in the content, please point those out and I will fix them asap, so everyone can benefit.
These things are here, they are here to stay, and they will only get better. Better to learn to use them in correct manner, than shrug them off without any logical reasoning.
Is it? Looks perfectly legible. Do people expect their forest-ignoring tree-nitpicking validated nowadays?
If the website looks like slop, why would anyone believe the content in it to be anything but slop too?
Because if you are someone that generates good content you might not know anything about designing or hosting websites. But they can ask an AI to do it for them so they can focus on what they are good at, generating interesting content.
Which might be true if the content weren’t also AI slop.
How to opt-out of sharing your NHS health records with Palantir:
https://www.nhs.uk/using-the-nhs/about-the-nhs/opt-out-of-sh...
Seems like Palantir and the UK are a great match for each other.
yeah .. my country gets advanced software, better public sector capabilities, jobs, and investment ... and PLTR gets revenue which it taxmaxxes like any normal company does .. such scandalous, such rage wow's
> taxmaxxes
funny way to spell 'steals from the public purse'
yeah, no.
Counterpoint: it's not always that simple
this is probably an unpopular opinion, but isn't this working as intended:
The article says as much. Before Palantir has to pay taxes in the US, they first work through previous losses which to a large extent are stock options for their employees. Early employees took a risk working there, it paid off, that gets deducted from the profits. Same for other early spending.If they want the tax benefits of a different consultancy using their systems then they can sell their systems to other consultancies. Obviously there is an advantage to operating in the U.K. otherwise they wouldn’t do it so obviously they should pay taxes on their income earned in the U.K from their U.K. operations.
There's some of that, but a large part of the "Palantir magic" is the on-premises services - integration, customisation, training & support. There's almost 1000 UK employees that got paid 40% of revenue.
It's working as designed, not working as intended.
> this is probably an unpopular opinion, but isn't this working as intended:
Not sure how trustworthy it is, but assuming what https://palantir-uk-tax-evasion.pagey.site/ writes is true, then:
> a profit-allocation structure that lets most UK revenue/profit be recorded with the US parent instead of the UK subsidiary [...] Both only work because of a third factor: the US isn't taxing it either, so shifting profit "back" to the US isn't costly.
Seems a bit weird, they're not getting properly taxed anywhere in the world apparently. If they were properly taxed in the UK OR the US, things would have been different. But as noted, nothing here is illegal seemingly, just not good for anyone except Palantir.
I seriously do not understand why companies pay taxes on the income and not the revenue. (EDIT: I mixed them up)
I pay on the revenue. I also buy things. I also consume. And somehow I can manage with taxes on the revenue.
This would also solve the problem of companies that get 10 M€ in revenue, but somehow only 10€ is taxed because expenditure, capex etc
I got curious while reading and I've read this[1]:
> Revenue is total money from core business activities before expenses are deducted.
> Income, or net income, is earnings remaining after all expenses are deducted from revenue.
Sorry for being pedantic. I don't understand why English has such ambiguous terms for something that shouldn't be. Or am I even more confused now?
To directly answer your comment: I agree that companies should be taxed on revenue and not income. Citizens are taxed on revenue, so why aren't companies?! They're supposed to be treated as people.
[1]: https://www.investopedia.com/ask/answers/122214/what-differe...
Producers produce up to the point marginal benefit equals marginal cost. Tax on revenue inflates marginal cost and would create shortages etc.
Sorry, I mixed them up (I am not a native speaker of English, but would have probably mixed them up in French as well :)). Thanks (I updated my post)
Taxing companies on revenue would completely wipe out low-margin businesses like supermarkets, and create massive distortions in the economy where one company being vertically integrated and owning everything being practically the only option, as otherwise goods passed between businesses means tax is paid on the revenue twice.
It would kill the economy overnight.
Why? If the low revenue busyness is taxed at 1% and the mega one at 30% (just examples).
Taxing on the income also means that you can offload taxes elsewhere easily
Some companies run at an extremely narrow margin. For example the margin for grocery stores is reportedly 1%. If you changed the tax system to tax gross revenues, now those stores would need to dramatically raise prices to accommodate.
It's not an easy problem.
It all depends on the tax level. If today they are texted at, say, 20%, this could be a 5% on gross revenue (or whatever), and indexed on the revenue (like for humans).
I also run on narrow margins, and nobody cares.
I am saying there are unintended consequences to such changes. If all the grocery stores all at once raised prices 5%, your margins might turn negative. And most of your neighbors.
[flagged]
[flagged]
Tax system and government budget in general are very deliberate system of smoke and mirrors designed to obfuscate how the money is spent. You are paying income tax, but your employee is paying payroll tax for you, is buying health insurance to avoid tax that would have to pay if that money was given to you. You are paying part of corporate tax indirectly, paying various tariffs sales taxes etc.
There should be only property tax and income tax, and the person paying the tax should be able to choose how to spend that money. Maybe you don't care and will let your congressmen to handle it, but maybe you would change your money to go to NASA or and then the government won't be able to spend so much on a pointless war or on building a stadium.
Unfortunately if your employer pays for private health insurance, HMRC says that is a taxable benefit and you still pay tax. The more insidious part is how the government makes employers pay a hidden 15% national insurance tax that needs to be paid on top of the tax on your salary.