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."
Reports from around the country, most recently in the January/February issue of E Magazine and in a press release from The Cornucopia Institute, suggest that Wal-Mart has been playing fast and loose with its organic labeling. A quick cruise through the Super Wal-Mart on Riverside Drive in Asheville appeared to offer confirmation.
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