FedEx shares dip 2 pct on IRS back tax of $319 mln

Discussion in 'The Latest FedEx Headlines' started by cheryl, Dec 24, 2007.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx shares dip 2 pct on IRS back tax of $319 mln - Reuters

    Estimates vary for how much FedEx may eventually asked to pay the U.S. Internal Revenue Service -- which is now reviewing FedEx's results for calendar years 2004 to 2006 -- but Credit Suisse analyst Jason Seidl wrote in a research note to clients entitled "FedEx Gets Coal in its Stocking" that the company "could potentially owe nearly $1.5 billion in taxes and expenses when all audits are completed."
     
  2. Jumperwire

    Jumperwire Parceling the Fla coast

    It's about time they have been exposed for the fraud's they are!!! It's nice to leave Parcel out of the new's for once.....