FedEx CEO Calls Out New York Times for ‘Distorted’ Reporting

19 Novembre, 2019, 00:28 | Auteur: Auguste Feret
  • FedEx CEO calls for debate over ‘distorted’ New York Times article

The chairman and CEO of FedEx is so ticked off about a New York Times story about its $0 tax bill that he issued a scathing rebuttal and challenged the paper's publisher and business editor to a debate about federal tax policy.

Fred Smith's comments came yesterday, the day the piece ran on the front page of the country's premier newspaper.

The package delivery firm's financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump's tax overhaul, according to the NYT story published on Sunday.

"Pertinent to this outrageous distortion of the truth is the fact that unlike FedEx, the New York Times paid zero federal income tax in 2017 on earnings of $111 million, and only $30 million in 2018 - 18% of their pretax book income", Smith said. "Also in 2018 the New York Times cut their capital investments almost in half to $57 million, which equates to a rounding error when compared to the $6 billion of capital that FedEx invested in the USA economy during that same year".

Danielle Rhoades-Ha, vice president of communications for the New York Times, expressed confidence in the accuracy of the paper's story.

Arranmore: Man dies after auto enters water off island pier
According to Donegal Daily, Mr Early had worked on the Arranmore Ferry and as a volunteer on the island's RNLI lifeboat. The tightly knit community on the island, which has a population of around 450 people, was yesterday grieving his loss.

Heart patients may not need surgery, study shows
This is a testament, say the investigators, to recent advances in drug therapies and revascularization techniques. IHD refers to heart problems caused by narrowed heart arteries.

Harry Styles Shades Zayn Malik on SNL: Watch His Best Skits
In his opening monologue in this past weekend's episode of Saturday Night Live , Styles cared to mention his "brothers"... but he made a tiny error.

A Times spokesperson told CNN Business in a statement that the debate challenge was a stunt and that the company wasn't disputing any facts in the story.

The company disagreed with that assessment.

"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 US economy", Smith said in the statement. It was quoted in the story as saying, "FedEx invested billions in capital items eligible for accelerated depreciation and made large contributions to our employee pension plans". He went on to challenge Times publisher A.G.

The 2017 tax bill's reforms were not aimed, however, to create a one-on-one relationship between tax cuts and increased investment.

The paper had not officially responded to Smith's statement as of Monday morning.



Epstein jail guards had been offered plea deal, AP sources say
It additionally sparked frequent arouse that he wouldn't desire to reply to for the allegations. The U.S. felony knowledgeable´s set apart of job in NY had no comment on the plea provide.

Daycare leaves nasty note in kid's lunchbox: 'Put him on a diet!'
"I feel that Kyler is absolutely flawless the way he is, I'm just helping him make healthier choices". And even if he did, writing a note like that is immature, inappropriate and just ignorant", one said.

International Criminal Court may probe United Kingdom war crimes cover-up
If an investigation does go ahead it would be the first of its kind against United Kingdom nationals for war crimes. It happened at Camp Stephen, run by the Black Watch, 3rd Battalion, Royal Regiment of Scotland.

United Kingdom police probe claim of Tory corruption
Nigel Farage has claimed he was repeatedly offered a seat in the House of Lords in an attempt to persuade him to "go quietly". He said: "No inducement was offered to me".

Kylie Jenner sells $600M majority stake in Kylie Cosmetics to Coty
She launched the brand in 2015 with "Kylie Lip Kit" and has since added eyeliners, eye shadows, blushes and other items. Forbes reported that she made $360 million in sales in 2018, making her the youngest self-made billionaire ever.

En larmes, Ariana Grande confirme l'annulation d'un autre concert
J'apprécie sincèrement chaque moment sur scène... "Je vous tiendrai au courant dès que je sais ce qu'il se passe dans mon corps". Mais malheureusement je ne pense pas être capable de passer outre ce soir. "Je suis tellement énervée et désolée".

Three people dead in shooting at an Oklahoma Walmart
It's unclear if any other customers or employees were injured during the shooting, which occurred in the parking lot of the store. The shooter is understood to still at large, and police have warned residents to look out for a person dressed all in black.

Emirates announces $16 billion deal to buy 50 Airbus 350s
The new order will see Emirates' order book increase to 210 future deliveries while now operating 257 aircraft. Airbus last month cut its full-year delivery goal for commercial jets due to production glitches.

Méga contrat de 50 avions A350 pour Emirates Airlines — Airbus
La compagnie aérienne basée à Dubaï, Emirates Airlines vient de commander à Airbus 50 avions A350-900. Il est d'un fuselage et d'ailes en fibre de carbone.

Lib Dems and SNP lose high court bid over TV election debate
ITV has also said they will announce details of further election coverage, including a multi-party debate, in due course. Lord Justice Davis was told "this is a national news broadcaster... it can move very, very fast".