NY Times claims FedEx pays no taxes; FedEx turns table on NYT (which paid no tax), challenges debate

[NightHawkeye]

From the "Unexpected wrecking ball response", files: NYT Claims FedEx Doesn’t Pay Taxes, FedEx CEO Fred Smith Demands Tax Debate

Fed Ex response to the New York Times:

"Pertinent to this outrageous distortion of the truth is the fact that unlike FedEx, the New York Times paid zero federal income tax in 2017 on earnings of $111 million, and only $30 million in 2018 – 18% of their pretax book income. Also in 2018 the New York Times cut their capital investments nearly in half to $57 million, which equates to a rounding error when compared to the $6 billion of capital that FedEx invested in the U.S. economy during that same year.

I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC".
​

I can hardly wait for the public debate.

 

[John P. Alexander]

From the "Unexpected wrecking ball response", files: NYT Claims FedEx Doesn’t Pay Taxes, FedEx CEO Fred Smith Demands Tax Debate

Fed Ex response to the New York Times:

"Pertinent to this outrageous distortion of the truth is the fact that unlike FedEx, the New York Times paid zero federal income tax in 2017 on earnings of $111 million, and only $30 million in 2018 – 18% of their pretax book income. Also in 2018 the New York Times cut their capital investments nearly in half to $57 million, which equates to a rounding error when compared to the $6 billion of capital that FedEx invested in the U.S. economy during that same year.

I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC".
​

I can hardly wait for the public debate.

A shipping company and a newspaper company debating. I for one can wait for that snooze fest.