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FedEx CEO Pushes Alternative Tax Revamp

Smith's proposal eliminates Ryan's border-adjusted tax.

By Matt Townsend, Bloomberg | Updated on June 29, 2017

FedEx CEO Fred Smith has spearheaded the creation of an alternative tax overhaul plan amid divisions in Washington over the proposals that Congress and President Donald Trump’s administration have offered.

Smith, also FedEx’s founder, has been directly involved in pitching his plan across corporate America as well as to the White House and congressional leaders, said Bobby Brown, the delivery company’s vice president of tax. FedEx decided to devise its own plan after the debate over the controversial border-adjusted tax on imports that House leaders favor bogged down the legislative process.

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