Meta’s AI Data Center tax strategy that saves billions – Report

Meta’s aggressive expansion of artificial intelligence is not only reshaping its technology business but also its tax strategy. According to an investigation by The New York Times, the company has classified some of its multibillion-dollar AI data centres as experimental projects to claim billions of dollars in US research tax credits.

The strategy has reportedly reduced tax bill of Mark Zuckerberg’s Meta but it has also raised questions among tax experts and within the company about whether the approach could withstand scrutiny from the Internal Revenue Service (IRS).