Opinion N.C. Should Avoid Push to Target Corporate Tax Havens While some states hope to boost revenue collection substantially, adding to companies’ tax bills could prompt them to vote with their feet. Sarah Curry
News Process for Challenging Taxes Clarified RALEIGH — Taxpayers have a right to a remedy for any erroneous and unlawful tax collection. The legal requirement in challenging a tax collection, however, must be precisely followed. In a Nov. 16 decision, the N.C. Court of Appeals clarified how corporations may go about challenging taxes. The state has two tax review panels. The first is the regular Tax Review Board. Its three members hear appeals of decisions of the secretary of revenue. The second is the Augmented Tax Review Board — the three panelists of the first plus the secretary of revenue — which considers petitions from corporate taxpayers for use of alternate allocation formulas in determining tax bases for income taxes. Michael Lowrey