Saturday, July 08, 2006

Wal-Mart Sues NC Over Taxes


Wal-Mart has sued the state of North Carolina, contending it paid $30.2 million too much in corporate income tax because the state combined income from Wal-Mart with 112 stores in the state and two separate businesses.

The lawsuit was filed in Wake County Superior Court. The state has filed a request to dismiss the lawsuit, but had no comment on the case.

The corporation said the state shouldn't have combined income taxes on Wal-Mart, Wal-Mart Real Estate Business Trust and Wal-Mart Property Co.

Wal-Mart attorney Jack Cummings said he also has filed a lawsuit seeking a $3.5 million refund for Sam's Club stores in North Carolina.

The lawsuit said Wal-Mart Property didn't conduct business in the state.

posted by David at 3:11 PM :: Permalink ::