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TAX LAW NEWS - TAX LITIGATION
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A new legal skirmish has resulted from North Carolina’s efforts to collect taxes from online sales.
A half-dozen online travel companies, including two owned by Bellevue-based Expedia, filed a lawsuit last week in North Carolina alleging that recent amendments to the state’s sales-tax law are unconstitutional and violate the Internet Tax Freedom Act.
The amendments, which went [...]
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A nearly completed review of backlogged tax returns shows that 7,000 people who did not know they had overpaid their taxes are due refunds that add up to $2.3 million, the Revenue Department’s new secretary told lawmakers Wednesday.
Secretary David Hoyle, a former state senator from Gaston County, told them that they will need to pass [...]
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Major legislation to modernize the state’s tax system may be postponed until 2011, Democratic leaders in the General Assembly say.
The delay would not be surprising, given that the legislature has been discussing major tax reform for years but has never come close to passing a tax overhaul. Also, the 2010 elections, in which all legislative [...]
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The General Assembly on Monday approved changing the state’s tax law with hopes it will result in Apple Inc. announcing a $1 billion investment within days.
The Senate voted 40-8 to go along with conditions including that the company invest in a rural area. The final round of debate lasted less than a minute.
Sen. Tom Apodaca, [...]
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The North Carolina House has tentatively approved changing the state’s corporate tax laws to make them more attractive to billion-dollar investments.
The House voted 81-31 Tuesday in favor of a bill changed last week to push companies to counties where unemployment is high. A final House vote is scheduled Wednesday.
While the law makes no reference to [...]
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US retail giant Wal-Mart has lost a legal battle to reclaim USD33.5m in tax it paid to the state of North Carolina in a case that may have implications for the way in which US businesses organize their corporate structures.
Wal-Mart was appealing the USD33.5m bill for back taxes, penalties and interest imposed by North Carolina, [...]
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