Who Graded the Homework

Juno: Meta's tax break on AI chips needed an auditor's stamp! Mochi: chill; EY stamped it, and EY also helped dream it up. Queen Honeycomb: an auditor checks the books; this one advised, then approved. Tock: seven hundred million, two billion, three point nine billion saved. Mochi: now EY pitches the same trick to other companies. Meta says it uses incentives Congress created. Juno: quest lesson, ask who graded the homework.

Meta's data-centre tax break needed its auditor's blessing and got it: EY, one of the firms Meta had consulted on the idea, signed off on claiming the research credit for AI chips and has since pitched the same move to other companies; the credit saved Meta $700 million in 2023, $2 billion in 2024 and $3.9 billion in 2025, a University of Southern California study found some companies simply relabel existing spending as research, and Meta says it uses incentives Congress created decades ago.

Starring

JunoMochiQueen HoneycombTock