FedEx Avoids Haircut In $85M Tax Credit Fight

By David Hansen · February 13, 2025, 8:36 PM EST

The Internal Revenue Service cannot put a haircut on nearly $85 million in tax credits claimed by FedEx for foreign taxes it paid on overseas earnings because statutory law forbids it,...

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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