Taxes (page 2)

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    Taxing out-of-state trusts

    North Carolina’s Department of Revenue (NCDOR) recently claimed the ability to force out-of-state companies to collect sales taxes and set its own rules on how to do that based on a U.S. Supreme Court decision in South Dakota v. Wayfair, Inc. (Wayfair) this past June. Now NCDOR is…
    Joseph Coletti, December 19, 2018
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    A threat to green central planners

    Veronique de Rugy writes at Reason.com about the recent revolt against hardships imposed by “green” government planners. You know you’ve got a problem when your tax schemes are even being rejected by the French. While there’s always a danger in reducing the causes of political unrest to a…
    Mitch Kokai, December 17, 2018
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    GoDurham buses losing money; but the train is coming

    Durham’s transit agency, GoDurham, is cutting routes and changing others as management tries to reduce a budget shortfall over the next five years. Plans for a  $2.47 billion light rail system to connect Durham and Chapel Hill continue to advance. How does that happen? The city started bus routes…
    Joseph Coletti, December 14, 2018
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    This weekend on Carolina Journal Radio

    N.C. legislators have loosed restrictions on the state’s targeted tax incentive program for economic development. Jon Sanders explains why that’s a bad idea during the next edition of Carolina Journal Radio. Terry Stoops offers a firsthand account of North Carolina’s charter school development process. UNC-Chapel Hill business…
    Mitch Kokai, December 14, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on the bill that would shake up membership of boards overseeing N.C. elections and ethics enforcement. Jon Sanders’ Daily Journal ponders N.C. incentives and Apple’s decision to locate its new expansion in Austin.
    Mitch Kokai, December 14, 2018
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    More fiscal notes, please

    We’ve been generally supportive of the General Assembly’s approach to budgeting, even as we’ve cautioned against overspending and continued to seek reforms in the process. Katherine Barrett and Richard Greene highlight North Carolina in their summary of a useful report from the left-of-center Center for Budget and Policy Priorities on…
    Joseph Coletti, December 13, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on one UNC Board of Governors member’s concerns about a “strike” tied to Silent Sam. The Daily Journal highlights divisions within the N.C. Republican Party over the state’s targeted tax incentives.
    Mitch Kokai, December 11, 2018
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    Recession ahead?

    Governing magazine’s Liz Farmer finds economists are increasingly worried about the possibility of a recession. She writes that S&P sees slower growth as a more likely scenario than outright contraction, but budget timelines are not as simple. Agencies have already begun planning their budgets through June 2021—the governor will…
    Joseph Coletti, December 10, 2018