Wal-Mart challenged by N.C. tax authorities

The Wall Street Journal reports that Wal-Mart Stores, Inc. has used a complicated property-ownership scheme to duck taxes in 25 states, including North Carolina. A story in the Feb. 1 issue of the Journal says that “North Carolina tax authorities are challenging Wal-Mart, saying its REIT strategy was intended to ‘distort [the company’s] true net income,’ according to its filings in the case in Superior Court in Raleigh, N.C.”

Asheville City Council

What a difference a couple of years makes. In 2002, concerns about traffic congestion threatened to derail a massive, highly controversial east Asheville development project. Toward the end of a 14-hour public hearing and Council debate that played out before a standing-room-only crowd that overflowed into three adjacent rooms, however, the developer volunteered to scale […]