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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 18, 1977
Page
7
States battle corporate tax avoidance as auditors target out of state firms using gimmicks to dodge taxes. Tax experts estimate billions in unpaid corporate taxes yearly, with efforts rising as states audit multistate firms to ensure accurate reporting and curb revenue loss.
General Motors, a major taxpayer, faces growing state audits as officials pursue corporate tax avoidance methods. State officials say firms use loopholes and aggressive accounting, while GM defends its tax practices noting its strong history as a reliable taxpayer. A 1960s Washington case required GM to pay $400,000 in taxes after a Supreme Court ruling. The federal inquiry into possible large-scale tax maneuvers adds to scrutiny of GM’s tax position.
A Graphics Management Institute at UNC Chapel Hill School of Business Administration, funded by a 100000 endowment from The Printing Industry of the Carolinas and Dillard Paper Company, will offer semiannual courses and certificate programs in marketing management accounting organizational behavior financing computer applications industrial relations and governmental affairs.
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