I find it bothersome because the system incentivizes giant megacorp monopolies. If you are small you'll have to pay taxes like everyone else, but once you hit some threshold of huge enough, we'll let taxes slide so you can get another leg up. A datacenter this size isn't going to provide more economic benefit than 50 datacenters 1/50 the size, but only one of them gets special treatment.

Combine that with the fact that large corporations constantly find ways to avoid paying taxes and its hard to be positive about this kind of thing.