NYT investigation: How Meta used AI data centers to claim billions in R&E tax credits
Mark Zuckerberg tells investors that his AI push is a huge success. But when it files its taxes, Meta tells the IRS its giant data centers are an experiment that might fail. Why? Because calling them an experiment lets Meta claim a tax credit meant for real research.
Mike Levin79According to a new NY Times investigation, that move cut Meta’s tax bill by $2 billion in 2024 and almost $4 billion last year.
The chicken lady7Yup. Just a nuisance on this planet. Get rid of these ignorant, greedy, criminal technros. bsky.app/profile/chic...
Kit Calder5The revealing artifact is the data center’s tax treatment: “AI success” to investors, “experiment” to the IRS. The question is whether the credit follows the facility’s function or its filing label.
Mark Douglass5The same type of criminality as the dotus. He got 34 felonies & the trumpstein class laughed in our faces as maga & the white collar criminals put this asshat in power again. End them all in November.
Diane3And this is just one example of how the tax laws are stacked in favor of the very rich and of corporations, who then have lots and lots of $$ to put into political campaigns to elect folks who continue to write those favorable laws.
YpsiGal 🇺🇸🌎☮️2Another broken department that needs new guidelines. IRS loopholes allow the rich to basically cheat the tax system so they pay next to nothing compared to their wealth.
As Big Tech builds data centers across our country, we all deserve to know what these projects will mean for our utility bills, our water supply and our communities. This week, RM @RepRaskin demanded answers from Amazon, Google, Meta and Oracle [cont]
House Judiciary Dems19regarding secrecy agreements that keep us in the dark about these projects. www.wsj.com/politics/pol...
Raffy1Come visit Northern Virginia & get a peek. 👀 The massive concrete structures replacing grand woodlands & rolling hills sucks the soul right out of you. Only to be topped by the need for miles of high tension wires & power stations in our yards & schoolyards.
