An $8 Billion Treasury Break Helped Meta’s Tax Rate Hit 2%. Senators Want Data Center Tax Answers

An $8 billion Treasury break helped bring Meta’s tax rate to 2%. Now it has a week to answer senators on its data center tax credits

Senators want Meta to explain why it claims a research credit on AI data centers. Meta says the facilities require real experimentation.

Meta Paid an Effective Tax Rate of Just 2% on $53.5 Billion in Income as AI Tax Credits Face Scrutiny

Meta reported an effective tax rate of just 2% for the nine months ending September 30, 2026, despite recording $53.5 billion in income before taxes, according to its latest quarterly filing. The company reported a tax provision of $1.03 billion for the period, significantly below the 21% statutory federal corporate tax rate. Meta’s filings also […]

An $8 billion Treasury break helped Meta’s tax rate hit 2%. Senators want data center tax answers

Meta’s filings this week were dominated by its new class of non-voting stock, which would let Mark Zuckerberg raise cash, including enough to pay for a potential California wealth tax without giving up control of the company. Meta says it needs the new shares to fund its AI ambitions: Management’s forecasts “showed the Company’s need […]