Meta Platforms (META.O) avoided billions of dollars in federal taxes by classifying its data centers as experimental facilities, according to The New York Times, as cited by Odaily. The brief item did not provide additional details on the tax treatment, the time frame involved, or which specific facilities were included. Odaily attributed the report to The New York Times, and the source note also referenced Jin10. No further explanation was included in the original newsflash. The report was listed under the technology category.
Meta Platforms (META.O) avoided billions of dollars in federal taxes by classifying its data centers as experimental facilities, according to The New York Times, as cited by Odaily.
The brief did not include further details.
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