Skip to comments.FedEx CEO challenges New York Times publisher to public debate after tax story
Posted on 11/17/2019 7:58:54 PM PST by yesthatjallen
FedEx CEO Frederick Smith has challenged the publisher of The New York Times as well as the paper's business editor to a public debate after the Times reported that the company paid $0 in federal taxes in 2018.
In a statement Sunday, Smith argued that the Times's report, published earlier in the day, was "distorted and factually incorrect" and ignored the "$6 billion of capital" that FedEx supposedly "invested in the U.S. economy" in 2018.
"I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC with me and the FedEx corporate vice president of tax," wrote Smith.
"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," he argued in the press release.
The New York Times did not immediately respond to a request for comment on FedEx's statement.
(Excerpt) Read more at thehill.com ...
"A lie can travel halfway around the world while the truth is still putting on its shoes"
Hit and Run journalism without consequences.
Did they not pay payroll taxes on there 100,000 plus employees?
Question. Why have we become a society, that bitches about someone saying BS and Ill prove it? Since when did standing up and defending yourself become taboo? Come at me, better be able to back it up. Its what I like about our POTUS. Put up or shut up, should be the norm.
Payroll taxes, excise taxes, property taxes, sales taxes, all kinds of taxes.
Wouldn't have to spend much...
I hope FedEx pursues this and forces the issue. Make the NYT publicly defend their article.
Take out television adverts IN NYC calling the time liars.
Then stop making deliveries to the Eeeew Yuck Slimes building
Destroying the fake news. Use all flanks.
"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,"
Instead of a debate, chuck the NY Slimesters into a live wood chipper. Of course, I mean that in the nicest possible way. Thanks yesthatjallen.
LOL, oh how the mighty have fallen... are they still fighting to get President Trump's tax returns? Bet he paid more than they did...
Trump probably paid more taxes than the NYT. Who cares? Yet they are hounding him over his tax returns. Go figure.
Fed Ex is a good customer of ours. They have built new Distribution Centers and Sort hubs all over the country in the past few years, including a massive operation in Indianapolis. Fed Ex is a huge contributor to the economy.
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