Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Independent Weekly Vol. 12 Issue 51, December 1994
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North Carolina’s laws enable banks to dodge millions in taxes. The Durham-based Institute for Southern Studies and Asheville-based Investigative Reporting Fund have suggested that the state’s bank tax laws need reformed. Campaign contributions, lobbyists, grassroots organizing, influential board members, and a system of rewards and punishments for incumbent legislators have allowed the banks to create a tax system that favors them. A look at the current system and how it could be changed is explored.