Billionaire FedEx CEO Freaks Out After NY Times Exposes Tax Avoidance

Fred Smith
Fred Smith

FedEx CEO Fred Smith, worth over $3.5 billion, lashed out at the New York Times for exposing his corporate practices.

“The CEO of FedEx sent a statement demanding The New York Times debate him after the paper published a critical story detailing how FedEx avoided a hefty tax bill.

The New York Times published a Sunday story detailing how FedEx went from owing $1.5 billion in taxes to owing nothing after lobbying passage of the 2017 federal tax cuts.” [READ MORE]

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