The Case of the Eighteen Billion

Meta has set aside $18.74 billion for tax positions it might lose, up 25% in two years. Its filing names its research credits first. Meta calls it a mandated accounting measure.

Meta has set aside $18.74 billion for tax positions it might lose, up 25% from $16.2 billion two years ago, and its filing lists uncertainty over its research credits as the first reason; Meta calls the figure a mandated accounting measure of uncertainty.

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