I Invented Lunch

Before the AI chips, Meta claimed the research tax credit on its chief's pay: in 2013 it counted $4.1 billion of Zuckerberg's stock options as research expense, and the IRS is still trying to claw back the $355 million saved. The IRS separately seeks nearly $16 billion over Cayman Islands profits. Big companies often settle and still come out ahead. Dad has invented lunch.

Before the AI chips, Meta claimed the research tax credit on its chief executive's pay: in 2013 it counted $4.1 billion of stock options Mark Zuckerberg exercised as research expense because he helped invent software such as the News Feed, and the IRS is still trying to claw back the $355 million that saved; the IRS is separately seeking nearly $16 billion over profits it says Meta shifted to the Cayman Islands, and such bets often pay off because big companies can settle and still come out ahead.

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