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Palantir Paid No Federal Income Tax. Its Global Tax Rate Is Just 1.4 Percent. (truthout.org)
submitted 3 months ago by [B] to c/pravda_news@news.abolish.capital
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Palantir Technologies, one of the world’s most influential — and controversial — surveillance tech companies, enjoyed an effective tax rate of just 1.4% globally last year while paying no US federal income tax despite recording substantial profits, an analysis released on Wednesday revealed. The study, Who Pays for the Surveillance State?, was written by the Center for International Corporate…

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[–] 114 points 3 months ago (5 children)

Tax exemptions should be treated as cost for the tax payers. News should report on it like "You paid 1.000$ for palantir subsidies this year and 5.000$ for Elon and 20.000$ for iran war". I think this would wake some people up.

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  • [–] 9 points 3 months ago (4 children)

    Those numbers seem too small to motivate people. Use the cost to taxpayers - those number will scream into their heads.

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  • [–] 22 points 3 months ago (3 children)

    They're using European numeral system. They're saying exactly what you're suggesting; the financial burden in the form of a tax.

    $1,000
$5,000
$20,000

    I do wish we used the decimal for our numerals here in the States. I like the Japanese placement of 4 orders rather than the 3-order system of the west. Less clutter.

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  • [–] 4 points 3 months ago (1 child)

    Using a comma for a hard delineation point is just ridiculous.

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  • [–] 3 points 3 months ago*

    Yeah we use the hard delineation point to separate dollars from cents. $54.93 Thus making it clear you changed from one unit to another. Now say it's stupid that we put the $ in front, because that is dumb when reading it (but I can understand for easy spotting)

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  • [–] 4 points 3 months ago

    I personally dislike the Japanese style because it makes translating such a hassle. For my first instinct is to say, "100-something", when I see 100万 but in reality, it's 1 million. Because of the 万, the next big numbers don't quite match with the western ones. I grew up thinking million was 億, billion was 兆 (I wasn't a smart boy), only to realize that wasn't the case much later in life when knowing the difference actually matter in real life.

    The inconsistency also bothers me because we never write one million (100万) as 100'0000 when using Arabic numerals. We use 1'000'000.

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    • [–] 26 points 3 months ago (1 child)

    It's ok, it will trickle down eventually.

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    • [–] 15 points 3 months ago (4 children)

    Time for this company to go the way of Blockbuster.

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  • [–] 12 points 3 months ago* (3 children)

    While I agree, it's a very strange (not relevant) analogy.

    Blockbuster folded due to Netflix slowly degrading it then killing altogether with streaming technology. What in your analogy is replacing Palantir? They're still at the top of their game, and has only gotten more powerful integrating AI/Flock and other technology, plus getting the full support of the authoritarian regime in the US.

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    • [–] 6 points 3 months ago

    That's Terror.

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    [–] 6 points 3 months ago

    Anyone who has a chance to resolve the mortality of a palatir employee and doesn't is a piece of fucking shit.

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    [–] 5 points 3 months ago* (last edited 3 months ago)

    KARP being thiels puppet, the master must be proud of his apostate. Palantir is also sought after by many govt for thier surveillance, profiling of "Dissidents" potential more than anything.

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    [–] 5 points 3 months ago

    Getting real tired of getting bossed around by people who don't even pay into the system, then use that system to extract money from the rest of us.

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    [–] 7 points 3 months ago

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    [+] -12 points 3 months ago

    Palantir is a company. Companies are exempt from most of the taxation, because company is different entity than physical person.

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