Wal-Mart to appeal tax refund ruling
Published: Tue, Feb. 05, 2008 12:30AM
Modified Tue, Feb. 05, 2008 03:02AM
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closeRALEIGH -- Wal-Mart said it will appeal a court decision that denied the retailer a $30 million tax refund from the state.
Last month, a Wake County judge rejected the retailer's argument that the state improperly assessed its corporate income tax for a four-year period.
The state Department of Revenue contended that Wal-Mart tried to use tax shelters to obfuscate its earnings in North Carolina.
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