5 ms·
It is indeed odd to single out a particular company for paying zero in tax (fedex in this case) as the result of a temporary tax reform bill which it seems the
by tathougies 7y ago
It is indeed odd to single out a particular company for paying zero in tax (fedex in this case) as the result of a temporary tax reform bill which it seems the newspaper also took part in.
While perhaps the NYT's story was 'correct', it neglected to point out that other companies also took advantage of this fact and that indeed this was the purpose of the tax reform. Instead, it sounds like the NYT made Fedex into some kind of bogeyman attempting to avoid taxes, instead of telling the full story, which is that, by American government policy, the government of the United States of America decided to offer businesses a way to significantly reduce their federal tax bill by investing their money into capital assets.
This is a much less sinister sounding headline, which is likely why the NYT neglected to publish it.
It's like if the government passed a bill to reward families that have children in the next five years with 10k USD each, and, instead of reporting on this bill in general, the new york times decided to only report on why bob and sally had four kids in those five years to milk the government of money. It's dishonest reporting, which is unsurprising coming from the new york times.