How Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes

🇺🇸 New York Times Technology (US) —

AI Summary

The report says Meta is using a federal tax break intended to encourage research and experimentation to reduce its tax bill, including through spending on AI data centers. The company's accountants have reportedly described the strategy as risky.

Meta is exploiting a lucrative tax break intended to support research and experimentation. Its own accountants say the gambit is risky.

Politics Markets Real Estate AI & Tech Energy Meta AI data centers tax breaks federal taxes research and development accounting

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