FedEx CEO Fred Smith has spearheaded the creation of analternative tax overhaul plan amid divisions in Washingtonover the proposals that Congress and President Donald Trump'sadministration have offered.

Smith, also FedEx's founder, has been directly involved inpitching his plan across corporate America as well as to the WhiteHouse and congressional leaders, said Bobby Brown, the deliverycompany's vice president of tax. FedEx decided to devise its ownplan after the debate over the controversial border-adjusted tax onimports that House leaders favor bogged down the legislativeprocess.

“We at FedEx, like many major U.S. companies, are concerned thewindow for tax reform is closing,” Smith said in an email. “Ourcurrent federal tax system is simply not globally competitive,retarding investment and the high paying jobs that follow.”

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