Possible scenario
IRS Scrutiny Begins
25% Chance
The IRS may not immediately reject Meta's filing, but the size of the tax reduction makes an examination likely. A targeted review would create uncertainty over whether data-center construction and operation can qualify as research activity at this scale.
Secondary impacts
- Technology -0.9%
Tickers
- META-4.8%
- GOOG-0.9%
- AMZN-0.9%
- MSFT-0.7%
- ORCL-0.4%
Portfolio impact
S&P 500-0.5%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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