Gov't Asks 6th Circ. To Reverse FedEx's $89M Tax Credit Win

By Natalie Olivo ( May 14, 2026, 3:52 PM EDT) -- The U.S. government urged the Sixth Circuit to reverse a Tennessee federal court's decision that invalidated foreign tax credit regulations and allowed FedEx an $89 million refund, arguing that the rules reflect Congress' intent to prevent windfalls under the 2017 tax overhaul....

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