Record #:

28457

Author(s):

Allen, Calvin H.

Abstract:

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.

Source:

Independent Weekly (NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 12 Issue 51, December 1994, p9

Subject(s):

Banks and banking; Banking law; Taxation--North Carolina