New York Times Saved $45M with Tax Break It Faults Meta for Using

New York Times Saved $45M with Tax Break It Faults Meta for Using(freebeacon.substack.com)

5 points by CGMthrowaway 13 hours ago | 1 comment

droidjj 12 hours ago |

So many problems here, but the most egregious is NYT’s “uncertain tax positions” in its 10-K is only $4M, while Meta claims >$18B. And the NYT article wasn’t critical of using the R&D tax credit altogether, but Meta’s unusual tactic of claiming billions in data-center costs should qualify for the credit.

droidjj 12 hours ago |

So many problems here, but the most egregious is NYT’s “uncertain tax positions” in its 10-K is only $4M, while Meta claims >$18B. And the NYT article wasn’t critical of using the R&D tax credit altogether, but Meta’s unusual tactic of claiming billions in data-center costs should qualify for the credit.