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Amazon, Meta, and Alphabet report plunging tax bills thanks to AI investment and new rules in Washington

The build-out of artificial intelligence data centers along with business-friendly provisions in President Trump's "One Big Beautiful Bill" are combining to make 2025 a banner tax year for Big Tech. Tax bills have dropped for three companies at the center of the ongoing AI build-out, thanks to new business world deductions enacted last year by Republicans for things like depreciation and research and development costs. Some of the new provisions offer deferrals, meaning tax bills may ...

Read more at finance.yahoo.com

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