FedEx's Tax Credits Not Allowed Under TCJA, US Says

By David Hansen · September 12, 2022, 6:38 PM EDT

FedEx cannot take tax credits for offshore income that already offsets its tax liability because the 2017 federal overhaul's transition tax doesn't allow it, the U.S. told a Tennessee federal court...

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Documents

Case Information

Case Title

FEDEX CORPORATION and SUBSIDIARIES v. United States of America

Case Number

2:20-cv-02794

Court

Tennessee Western

Nature of Suit

Taxes

Date Filed

November 02, 2020