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Wal-Mart
Loses Bid To Seal Court Papers In State Tax Dispute [Wall Street Journal]
A North
Carolina state judge rejected an attempt by Wal-Mart Stores Inc. to block public
access to certain court documents in a tax dispute with state authorities. The
retailer asked a state court in North Carolina last month to have some future
filings in a prominent tax dispute case sealed from public view. The company's
action followed a page-one article in The Wall Street Journal that detailed how
Wal-Mart paid its outside auditor, Ernst & Young LLP, to design complex
strategies to cut its state-tax bills.
Wal-Mart
loses court papers bid in tax dispute [Reuters]
A North
Carolina state judge rejected an attempt by Wal-Mart Stores Inc to block public
access to certain court documents in a tax dispute with state authorities, the
Wall Street Journal reported Friday in its online edition.
Judge:
Wal-Mart can't seal filings in multimillion-dollar NC case [Fayetteville
Observer (NC)]
Wal-Mart
filed a lawsuit last year against the North Carolina Department of Revenue
seeking an income tax refund of more than $30 million. The company said it was
overcharged by the department, but state officials said Wal-Mart used tax
shelters to obscure its true earnings in North Carolina.
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Wal-Mart Forced to Reveal Tax Documents in North Carolina
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Wal-Mart Watch, Nov 26, 2007
Straight to the Source