META is cooked under the CAMT implementation because R&D deferred tax assets now will not offset taxable income, meaning META will going forward have to pay more taxes than they have been paying so far. This affects META and not other companies (MAG7) because they don’t have DTAs that are as exposed to this new rule.

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Nvidia is paying a tax rate that is already close to the CAMT so when the law went into effect they weren’t hit as hard.

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