Democrats introduce bill to block AI companies from claiming tax breaks for data centers
Microsoft reaped $18 billion in tax breaks last year, slashing its effective federal rate to just 2.4 percent on $100 billion in U.S. profits. A new Democratic bill would block AI data centers from claiming accelerated depreciation and Opportunity Zone subsidies.
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Microsoft reaped $18 billion in tax breaks last year, slashing its effective federal rate to just 2.4 percent on $100 billion in U.S. profits. A new Democratic bill would block AI data centers from claiming accelerated depreciation and Opportunity Zone subsidies.
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