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Record #:
3675
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Are business taxes too high? A number of studies, including one by the Peat Marwick accounting firm, report taxes are low; others find the opposite. To attract businesses, the state needs a corporate tax rate that is fair and competitive with other states.
Source:
North Carolina Insight
(NoCar JK 4101 N3x), Vol. 17 Issue 2 and 3, Dec 1997,
p50-81, il, f
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Record #:
30160
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There is a call in Congress for another increase in corporate income taxes. Although taxes paid by large companies and corporations in 1950 amounted to over $12 billion, it is found that the taxes levied upon companies, especially those that offer services such as telephone or power, are ultimately taken up by the users, or customers. As customers bear the cost of company taxes through increased cost of service and labor, many suggest an increased corporate tax to be the wrong decision.
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Subject(s):
Record #:
43729
Author(s):
Abstract:
The author is discussing how the president of Nirosteel LLC based in Charlotte was going to be able to run his company with the new tariffs on steel that the Trump Administration created. This fear is shared by other companies around NC because the Trump Administration created a blanket tax of 25% on both steel and aluminum. The chairman of North Carolina District Export Council, Wayne Cooper, stated that companies should worry about the steel and aluminum tax because the cost will increase one it funnels through the local markets. Many companies are worrying if they will be able to keep their companies afloat with the new tax.
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