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Here's one fact the New York Times left out of its breathlessly hyped front-page story about how Facebook, Instagram, WhatsApp, and Muse.ai parent company Meta is "exploiting a lucrative tax break": the New York Times Company itself has reaped $47.65 million in benefits from 2021 to 2025 from the same research and…
Meta has been saving billions through a research tax credit by calling its AI data centers “pilot models,” while experts say the credit is meant for experimentation and innovation, not standard business expenses.
Meta claimed $3.9 billion in research tax credits by labeling AI data centers as experimental, a strategy tax specialists call legally questionable.