Federal agents probe Belk tax structure in investigation
Federal agents are probing Belk department stores over alleged tax law violations. Auditors allege complex ownership links and inventory devaluations shifting profits to avoid taxes via trust funds. Belk denies knowledge of manipulations and says the company spans many states with independent looking yet linked corporate units.
MENTIONED IN THIS ARTICLE
Belk
Federal Ources
Belk Store Services, Inc
William Henry Belk
Monroe
N.C
Virginia
North Carolina
South Carolina
Delaware
Texas
Puerto Rico
Inflation Energy Ties in Carter Budget Says Hard Choices Ahead
Lance San Francisco AP reports Carter’s budget links inflation to energy problems, saying there’s no simple or painless fix. He urges candid, factual public discussion and notes tough choices must be made as energy demands shape inflation effects. He commends newspaper coverage for highlighting the severity of the energy crisis.
MENTIONED IN THIS ARTICLE
San Francisco
Georgia
Lance
Beach Combing For Missing Marine At Emerald Isle
Emerald Isle police combed 18 miles of shoreline seeking the body of Camp Lejeune Marine PFC Anthony S. Wilkerson 19 of Ashland Virginia after a rubber raft overturned 200 feet from shore. Chief James G. Morris noted rough water and strong undertow with the body likely carried east.
MENTIONED IN THIS ARTICLE
Emerald Isle
N.C
Prayer Request Hotline Message
A brief notice invites callers to state their need by phone without giving a name. A recorder will respond, and prayers will be offered for them. The notice promises divine action as the Hand of God moves in their lives.
Davidson College Officials Say Linden Didn't Accept Job Offer
Davidson College officials say Ronald Linden did not accept a teaching post offer. President Samuel R. Spencer Jr. says Linden’s vow to oppose the college’s tenure policy did not equal acceptance. Linden, a Princeton scholar, had vowed to fight the school’s Christian tenure policy.
MENTIONED IN THIS ARTICLE
Davidson
N.C
Ronald Linden
Davidson College
Linden
Princeton
Presbyterian
Samuel R. Spencer Jr
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Allen Hay ‘Baptist Church
Farrell Shimpock
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Yates M. Brooks
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Mary Cassatt
Miss Cassatt
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P. O
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Opring Festival
Guilford Technical Institute
Razzmata2zz
Tar Hel
GTI Speech and Drama Association
Dewitt Holton
C. Dewitt Holton Furniture and Carpet Company