Kashmir Hill

@kashhill

Privacy pragmatist. @nytimes journalist. Author of YOUR FACE BELONGS TO US. Named after the Led Zeppelin song.

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Meta allegedly claimed Zuckerberg as a “researcher” for a $355 million tax break

In a reply, a writer ties the alleged tax break to Zuckerberg’s $4.1 billion in stock-based compensation.

1 Source, 20d ago, first seen 20d ago

World & Business

Meta employee reportedly proposed calling AI data centers “experimental” to seek a tax credit

A reporter sharing a New York Times investigation says the summer 2024 idea was meant to save Meta billions of dollars.

4 Sources, 20d ago, updated 20d ago

Meta reportedly uses AI data centers to avoid billions in federal taxes

The New York Times reports Meta is exploiting a tax break intended to support research and experimentation, a gambit its own accountants say is risky.

7 Sources, 20d ago, updated 20d ago

Technology

Meta reportedly claimed billions in tax credits by treating A.I. data centers as experiments

The New York Times reports Meta sought billions in research tax credits for A.I. data center expansion, classifying multibillion-dollar facilities as “pilot models” while warning in filings that the savings could be overturned by the IRS.

6 Sources, 19d ago, updated 19d ago

Featured in

Meta allegedly claimed Zuckerberg as a “researcher” for a $355 million tax break

Meta employee reportedly proposed calling AI data centers “experimental” to seek a tax credit

Meta reportedly uses AI data centers to avoid billions in federal taxes

Meta reportedly claimed billions in tax credits by treating A.I. data centers as experiments

Featured in

Meta allegedly claimed Zuckerberg as a “researcher” for a $355 million tax break

Meta employee reportedly proposed calling AI data centers “experimental” to seek a tax credit

Meta reportedly uses AI data centers to avoid billions in federal taxes

Meta reportedly claimed billions in tax credits by treating A.I. data centers as experiments