Meta is using the U.S. research and experimentation tax credit to seek billions of dollars in tax breaks for its artificial intelligence data centers, according to The New York Times. The report says the same policy cut Meta’s tax bill by nearly $4 billion last year. It also says internal accountants warned that the approach carries legal risk. A partner at tax advisory firm BPM told the newspaper that classifying AI data centers as research and experimentation projects is "outside the norm." The report focuses on how Meta is applying an existing U.S. tax incentive to AI infrastructure and on the questions raised internally and by outside tax professionals about that classification.
Meta is using the U.S. research and experimentation tax credit to seek billions of dollars in tax breaks for its artificial intelligence data centers, according to The New York Times.
The report says the policy reduced Meta’s tax burden by nearly $4 billion last year. It also says internal accountants warned that the move carries legal risk.
A partner at tax advisory firm BPM said classifying AI data centers as research and experimentation projects is "outside the norm."
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