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Friday, October 23, 2026Updated 19:22 UTC

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

Source: Fortune · Oct 23, 2026 18:21 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

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

Read the full story at Fortune

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