Meta plans to raise hundreds of billions of dollars, beginning as early as fall 2026, to fund its artificial intelligence ambitions. The announcement accompanied a report showing an effective tax rate of 2% for the first nine months of 2026, versus the 21% statutory rate, including an $8.03 billion benefit tied to relief for previously capitalized U.S. research and development costs. Seven senators asked Mark Zuckerberg, by Halloween, to explain how Meta obtained $6.6 billion in research and experimentation tax credits between 2023 and 2025 by classifying its data centers as experimental pilot models. As of September 30, Meta also reported $20.82 billion in gross unrecognized tax benefits, which, if realized, could reduce its tax provision by $14.58 billion.
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