Reposted by @jtrupin.bsky.social
Meta has been writing off their investment in AI data centers as "research & experimentation" for two years.
It's allowed them to avoid $4 BILLION in taxes.
Any tax code that allows a mega-corporation to scheme out of a $4 BILLION tax bill while our economy tanks is BROKEN.
![As the Supreme Court has noted: “A method of competition which casts upon one's competitors the burden of the loss of business unless they will descend to a practice which they are under a powerful moral compulsion not to adopt, even though it is not criminal, was thought to involve the kind of unfairness at which the [unfair methods of competition] statute was aimed."
3. The highly concentrated and interconnected structure of these markets could be creating major risks and conflicts of interest. We had started investigating these partnerships and cross-investments across the stack (and released a preliminarily overview of some findings: https://ftc.gov/news-events/news/press-releases/2025/01/ftc-issues-staff-report-ai-partnerships-investments-study).
Both federal and state enforcers should be scrutinizing these opaque relationships and inter-dependencies. We are already seeing how these relationships could undermine accountability. For example, OpenAI could face liability given the Hugging Face incident, but Hugging Face being bought up by Nvidia means that we’re unlikely to see it file a lawsuit over this — given Nvidia’s strong incentive to see OpenAI continue full speed ahead.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:azpq3hfq3llpowyqpjkqwgxs/bafkreibpynfdssvr5aehvgzmcuerbo3romumydje4qsdhog7a3tnazrh2u)
