FedEx Delivers Alternative Tax Reform Plan
Posted on Jun 28, 2017 in News
Under the guidance of chief executive officer Fred smith, FedEx Corp. has drafted an alternative tax reform plan in response to the quagmire on Capitol Hill. The FedEx plan mirrors the House Blueprint in many ways, but explicitly omits a border adjustment tax (“BAT”) provision. Instead, several revenue raisers are offered in lieu of the BAT, including a gasoline tax increase, a 10% minimum tax on passive offshore income, and an increase in employer Medicare taxes. A FedEx spokesperson described the plan as “…just a way to show revenue can get there without border adjustability.”
Read more here: Fed Up With Tax Stalemate, FedEx CEO Pushes Alternative Solution