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FedEx Reduced Its Capex for Fiscal 2018 in Spite of Lower Taxes

FedEx Reduced Its Capex for Fiscal 2018 in Spite of Lower Taxes

On December 21, 2017, Congress passed a revised US tax code, now known as the Tax Cuts and Jobs Act. The changes induce US corporations to spend more on employees and capital assets. Corporations are expected to make a substantial investment in fixed assets as a result of lower taxes and increased cash flows.