Amazon, Meta Platforms Say U.S. Taxes to Drop Due to New Tax Law

August 3, 2025

Amazon and Meta Platforms both said in securities filings last week that they expect their U.S. taxes to drop as a result of President Trump’s tax act, which restores companies’ right to accelerate their deductions for depreciation on certain property and to immediately expense research and developments for domestic work.

Amazon said in a filing on Friday that it expected its U.S. cash tax