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Meta Reports $16B Tax Hit Linked to Trump’s OBBBA
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Subscribe31 OCT 2025 / ACCOUNTING & TAXES
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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...
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