Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Meta Reports $16B Tax Hit Linked to Trump’s OBBBA
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe31 OCT 2025 / ACCOUNTING & TAXES
-1761904410.webp)
Meta Platforms, previously known as Facebook, has reported a $15.9 billion tax charge for its third quarter due to the implementation of President Trump's "One Big Beautiful Bill" Act, causing stock to drop around 12%. Despite the upfront financial hit, Meta stated it plans to see significant reductions in U.S. federal tax payments starting from the end of 2025, which will help cash flow and offset operating costs.
Halloween came early for Meta’s accountants. The numbers were downright spooky. Picture this. You open the books and a $15.9 billion tax charge jumps off the page like a cat landing on a keyboard. That was Meta’s third quarter. EPS came in at $1.05 agains...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Scale Your Accounting Firm the Smart Way with MYCPE ONE!
Your Trusted Offshore Partner for CPAs and Accounting Firms.
Struggling to scale? Let MYCPE ONE’s offshore accounting team help you grow faster and more efficiently.
With 500,000+ vetted professionals across 40 offices in 2 countries, we provide you access to top talent and advanced technology, all while handling the hiring process for you.
Trusted by 3,000+ firms, including 45+ BDO Alliance Firms and 40+ of the Top 200 Accounting Firms!
Start building your offshore dream team today with MYCPE ONE!
Scale smarter. Save bigger. Stay ahead.
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
