Thursday, May 21, 2009

Wal-Mart loses N.C. appeal

Posted By on Thu, May 21, 2009 at 9:52 AM

Wonder what this will mean for the big-box store's N.C. operations? Hopefully they won't take the $30 million out of consumers' pockets with rolled back roll-backs.

The N.C. Court of Appeals has denied Wal-Mart Stores Inc.'s attempt to win $30 million in tax refunds from the state.

According to court documents, Wal-Mart argued that Hinton had incorrectly combined three Wal-Mart-related business entities to determine the amount of taxes that were owed.

But the appeals court rejected Wal-Mart’s arguments in a unanimous decision for the state.

Read more in today's Charlotte Business Journal.

Ode to Wal-Mart:

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