FedEx CEO calls New York Times article false, challenges publisher to public debate on tax policy

by John Wesley Reid · Nov 18th, 2019 12:17 pm
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Last Updated Nov 20th, 2019 at 4:19 pm

FedEx CEO Frederick W. Smith wrote a scathing statement in response to a New York Times article alleging that the major delivery company paid $0 in federal taxes in 2018.

“The New York Times published a distorted and factually incorrect story on the front page of the Sunday, November 17 edition concerning FedEx and our billions of dollars of tax payments and billions of dollars of investments in the U.S. economy,” Smith wrote in a statement released Sunday.

Smith continued by ridiculing the New York Times’ tax history before challenging their leadership to a publish debate in Washington D.C.

“I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, D.C., with me and the FedEx corporate vice president of tax,” Smith wrote. “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 Smith’s full statement here.