The Commercial Appeal: FedEx CEO: Don’t raise corporate taxes to pay for Biden’s infrastructure plan

The Institute on Taxation and Economic Policy published the report earlier this month, saying FedEx had an effective tax rate of minus -12.8% from 2018 to 2020. The report cited a provision in the CARES Act bill passed in the COVID-19 pandemic’s early stages, along with the 2017 Tax Cuts and Jobs Act passed under Trump’s administration, as helping FedEx achieve this result. Read more