Thread

1. sigmar · 1790864412 · focus · HN ↗

   >Meta said the research tax credit shaved $2 billion off its taxes in 2024, and then $3.9 billion in 2025.

   Infuriating.

   Was meta thinking about this like a hedge against them failing at AI? ie they thought "let's do tax fraud, and we'll probably get called out on it. but if our AI ambitions fail completely, we will have a better argument in court that this was an "experiment" when the government tries to take the money back (like what the article describes about the claw back of the 2013 tax break)"

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