How FedEx Cut Its Tax Bill to $0

The recent tax overhaul has helped various businesses in the U.S., some more than others.

Take FedEx for example, it owed more than $1.5 billion in taxes in its 2017 fiscal year before the tax cut and owed nothing in the following year following the cut.

How did they pull it off? Well, the new tax cut changed FedEx’s tax rate from 34% to less than zero.