Thursday, February 9, 2012

From the category archives:

Tax Appeals

Wal-Mart Loses State Income Tax Appeal

by taxnick on May 23, 2009

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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