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The "whataboutism" is the crux of the issue though. Everyone does their best to minimize their tax burden every year - this is completely rational behavior. I d
by remarkEon 7y ago
The "whataboutism" is the crux of the issue though. Everyone does their best to minimize their tax burden every year - this is completely rational behavior. I don't know what point the NYT was trying to make, other than maybe showing that FedEx has some good accountants. The debate that we should be having, and the one that FedEx is perhaps crudely trying to edge us toward, is whether these tax policies actually "help". They are going to say it does, and that they invest that money in the broader economy. The NYT would probably say something similar with regard to the value of journalism.
- Miner49er 7y agoDid you read the NYTimes article? The article is more about how FedEx didn't re-invest the money saved on taxes like they claimed they would. Instead they put used it for stock buybacks and dividends. The NYTimes article was about the very thing you said it should be about.
- bryan_w 7y agoI mean... they did literally reinvest it in themselves by doing stock buybacks. If that is a good thing is up for debate.