The New York Times reported that Meta classified its artificial intelligence data centers as "experiments," a move that could save the company billions of dollars in taxes. According to the report, Meta may qualify for research and development tax credits by categorizing parts of its data center construction as research experiments, sharply reducing its tax burden. The story was based on Meta internal documents and interviews with tax experts. It described how the tech giant used provisions in tax law to improve its financial position.
The New York Times reported that Meta described its artificial intelligence data centers as "experiments," a move that could save the company billions of dollars in taxes.
According to the report, Meta could apply for research and development tax credits by classifying parts of its data center construction as "research experiments," which would significantly reduce its tax burden.
The report was based on Meta internal documents and interviews with tax experts, and said the company used gaps in tax law to optimize its financial position.
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