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Analyzed from 1705 words in the discussion.
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#tax#revenue#taxes#money#palantir#should#company#pay#paid#income
Discussion Sentiment
Analyzed from 1705 words in the discussion.
Trending Topics
Discussion (68 Comments)Read Original on HackerNews
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.
https://www.theguardian.com/business/2025/apr/15/starbuckss-...
If you threaten to leave the UK, sure go ahead, your market will be filled quickly. Same for Palantir.
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
Pull the other one mate, it's got bells on.
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.
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.
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.
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.
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.
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.
https://www.nhs.uk/using-the-nhs/about-the-nhs/opt-out-of-sh...
funny way to spell 'steals from the public purse'
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 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
Imo when you start thinking about it the most reasonable position is that corporate income tax should be 0. Instead we should focus on consumption taxes, land taxes and taxing other resources and especially pollution.
> 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...
It would kill the economy overnight.
Taxing on the income also means that you can offload taxes elsewhere easily
It's not an easy problem.
I also run on narrow margins, and nobody cares.
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.