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DECISION * USA - IRS Reverses FedEx Ground Ruling
Decision backs company on independent contractors, drops $319 million assessment
Washington,DC,USA -The Journal of Commerce Online -Nov 2, 2009: -- An Internal Revenue Service decision to reverse a previous assessment that FedEx had misclassified some package delivery drivers marks a strong victory for the carrier and its use of independent contractors at its parcel division... FedEx announced Oct. 30 in a filing with the Securities and Exchange Commission that the IRS had reversed the 2007 decision that FedEx owed $319 million in back taxes for wrongly classifying the drivers in 2002... The carrier said the decision supports the company’s point that the drivers at its FedEx Ground division are not company employees but independent contractors, which is central to the operation’s business model as it competes with UPS and its unionized company drivers... (Photo from es.wikipedia: FedEx's DC10 in Puerto Rico)
Labels: tax policys
posted by Unknown @ 6:36 PM
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