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The software group Palantir paid just £2M in corporation tax in the UK in 2024

theguardian.com

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Re: The software group Palantir paid just £2M in corporation tax in the UK in 2024

#81
post #74

Earlier quoted context omitted.

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 m…

I think it's very easy to make a value judgement here. In this case, at the time they were proposing the project, Adani promised around $22 billion in taxes and royalties, and the industry body talked about enough money to fund schools, hospitals and other infrastructure for near to a century. The royalties they pay are in the order of a few tens of million per annum, and they pay no corporation tax because of the ac…

> but they pay income tax for their employee

That’s definitely not what I said, nor how it works.

If you’re going to mischaracterise something as simple as that, what faith should one place in any part of your comment being an accurate representation of the facts?

Re: The software group Palantir paid just £2M in corporation tax in the UK in 2024

#82
post #79

Earlier quoted context omitted.

An entity provides a service to people that necessarily produces a consumer surplus. Say you pay $2 for a cup of coffee, you obviously value it at least $2 otherwise you wouldn't buy it, but likely more. Suppose you value it at $3 (i.e. the company could charge up to $3 and you would pay), by allowing the entity to sell it to you at the market rate of $2, they created $1 surplus value to you. The same works on the pr…

This is firstly not a response to the value extraction issue. Secondly, you don’t need to explain this here. Rather read up better, because this theory requires a fair market which fails when some participants can avoid taxes.

[dead]

Re: The software group Palantir paid just £2M in corporation tax in the UK in 2024

#83
post #74

Earlier quoted context omitted.

I think it's very easy to make a value judgement here. In this case, at the time they were proposing the project, Adani promised around $22 billion in taxes and royalties, and the industry body talked about enough money to fund schools, hospitals and other infrastructure for near to a century. The royalties they pay are in the order of a few tens of million per annum, and they pay no corporation tax because of the ac…

> but they pay income tax for their employee That’s definitely not what I said, nor how it works. If you’re going to mischaracterise something as simple as that, what faith should one place in any part of your comment being an accurate representation of the facts?

The difference [1] and nuances [2] between payg tax and payroll tax isn't something one expects the average person to be that aware of. Given the overall benefit to both state and federal bodies though the paid employment, 5% of wages paid out to the employees as a fee to be paid to the state body should not be much to crow about. However given the length of of employment for most employees at various mines around Queensland, the various mine employers would certainly be paying PAYG for their employees.

Yes, despite revenue [3] most business can claim federally determined costs as per the yearly income tax. The problem or question is, how much of that was gamed or indeed an allowable deduction. Adani is though thought to be using very suspicious methods [4] and apparently do not have a good environmental record.

Adani history of wrong doing seems somewhat cloudy [5], but for myself Adani has a long history of short comings predating any web links I can find. What I first recall of dodgy dealings was a company mid to late 00s which name sounded very much like Adani [6] that had a large project in Mackay (Qld) - port of Mackay which was subcontracted out. Some contractors were in for well over $100,000 despite requests or expectation to be paid at each stage completion and ultimately though various loop holes were not paid. Through work I knew one that lost his earthmoving business selling his dozers, trucks, excavators and other equipment and iirc even some land to cover his losses ... long story short the Queensland govt created a new rule to protect subcontractors (and perhaps even contractors in general) from dodgy arsehats. Adani also wanted the Qld govt to pay for the railway infrastructure to their proposed mine ... but I feel the govt was well familiar with them and reminded them the coal mining industry which just a few years before was claiming there was no money in coal ... one company selling their large mine for a dollar. Adani then changed their name. This might have something to do though with iirc, some major scandal in Western Australia where one of the people was a banker named Adani.

[1] https://ebats.com.au/payroll-tax-vs-payg-withholding-austral...

[2] https://cleartax.com.au/tax/payroll-tax-vs-income-tax-whats-...

[3] https://www.theguardian.com/business/2026/aug/01/adani-to-pa... [2026, August]

[4] https://adanifiles.com.au/

> "Adani uses dodgy tax havens in the Cayman Islands to hide assets and revenue. 13 of the 26 Adani subsidiaries registered in Australia are ultimately owned in the Cayman Islands. "

[5] https://australiainstitute.org.au/post/ten-years-of-adani-sc... [2025]

[6] for legal defamation reasons.

Edit silly typo - through

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