Meta Secured Over $3 Billion in Tax Breaks in Louisiana to Build a Data Centre ⇥ sherwood.news

Jon Keegan, of Robinhood’s Sherwood News:

A Sherwood News analysis shows that the breaks afforded to Meta on just the sales tax of GPUs would come out to more than $3.3 billion — enough to build 33 new high schools, pay the salaries of all the state’s public school teachers for more than a year, or pay for more than seven years of the Louisiana State Police budget. (The secretary from the Parish committee that approved the financing plans declined to comment, and the chair of the committee didn’t respond to requests for comment.)

This is the very same project where Jonathan Weil, of the Wall Street Journal, found “aggressive accounting” that “strains credibility”. Neither of these advantages would be possible for a less-resourced competitor. Meta is a company so rich it benefits immensely without carrying nearly as much risk as the scale of this project would imply.