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Meta Avoids Billions in Federal Taxes by Classifying Data Centers as Experimental, NYT Finds
Summary
Meta's tax strategy highlights growing concerns over corporate tax avoidance, prompting legislative scrutiny and potential policy reforms. The post Meta avoids billions in federal taxes by classifying data centers as experimental, NYT finds appeared first on Crypto Briefing .
Meta would have reduced its federal taxes by $5.9 billion during 2024 and 2025 by classifying artificial intelligence data centers as experimental facilities, according to a newspaper report. The company itself warned in documents that the IRS could question those credits.