The head of Fedex, Fred Smith, has called for the US to ease the burden of
rising energy costs by introducing a tax credit for fuel costs and cutting other
‘With fuel prices up and the housing meltdown, you see a very tepid growth
rate in the US economy. Congress and the administration ought to put stimulative
things out there,’ Smith said.
Smith was speaking as Fedex reported a 6% drop in net income to $479m for the
quarter ended 31 November 2007, the FT reports.
Research also finds that 84% of businesses believe that the government has not provided enough information about digital tax plans
A total of £16bn was lost through tax fraud last year, according to estimates released by Pinsent Masons
Additional tax a result of compliance investigations by HMRC, but overall revenue falls
Firm expands East Anglian team with appointments to the audit practice and private client tax team