> In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing.
> Its financial filings show it owed no taxes in the 2018 fiscal year overall. Company officials said FedEx paid $2 billion in total federal income taxes over the past 10 years.
So in the last 10 years FedEx paid $2B in taxes, of which $1.5B was paid in 2017. That seems really weird. Does anyone know enough about their financials to explain how this happened?
> In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing.
> Its financial filings show it owed no taxes in the 2018 fiscal year overall. Company officials said FedEx paid $2 billion in total federal income taxes over the past 10 years.
So in the last 10 years FedEx paid $2B in taxes, of which $1.5B was paid in 2017. That seems really weird. Does anyone know enough about their financials to explain how this happened?