FedEx CEO Fred Smith has challenged the New York Times to a public debate after the newspaper published a critical story about his company's taxes
The Times on Sunday ran a front-page story,"How FedEx Cut Its Tax Bill to $0," in which it said that FedEx's work in favor of the 2017 corporate tax cut allowed the delivery company to eliminate its federal taxes the following year. The story said the tax cut did not result in increased investment by either FedEx or businesses overall, as Smith and other advocates of the tax bill vowed would happen if it passed.
"The focus of the debate should be federal tax policy and the relative societal benefits of business investments and the enormous intended benefits to the United States economy, especially lower and middle class wage earners."Read MoreDon't expect Sulzberger or anyone else from the Times to show up for Smith's proposed debate.FedEx profits slip after booting major customer Amazon"FedEx's colorful response does not actually challenge a single fact in our story.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
FedEx CEO to New York Times after tax-bill exposé: Debate me, bro!FedEx Corp. Chief Executive Fred Smith had a curious response to a New York Times report that detailed how the delivery giant cut its tax bill to zero:...
Consulte Mais informação »
Bernie Sanders, Elizabeth Warren call out FedEx, Trump tax cuts after company pays $0Senators Bernie Sanders and Elizabeth Warren both blasted FedEx and President Donald Trump's 'corporate elite' tax cuts for allowing the courier giant to avoid paying any federal taxes.
Consulte Mais informação »
How FedEx Cut Its Tax Bill to $0WASHINGTON -- In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration&39;s tax cut -- for which the company had lobbied hard.The public face of its lobbying effort, which included a tax proposal of its own, was FedEx
Consulte Mais informação »
Inside McDonald's CEO Chris Kempczinski's quest to win over chain - Business InsiderChris Kempczinski has laid out a strategic plan in line with Easterbrook's, while also emphasizing ethics and values in the face of scandal.
Consulte Mais informação »
Renault to have CEO shortlist soon but not in rush: Sueddeutsche ZeitungRenault will have soon drawn up a shortlist of candidates for chief executive of...
Consulte Mais informação »