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Results found for "business expenses"


Lawmakers in the North Carolina House fast-tracked a bill today that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.
Published: Sunday, May 2nd, 2021 @ 6:46 pm By: Carolina Journal
Lawmakers in the North Carolina House fast-tracked a bill today that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.
 
North Carolina's tax code penalizes savings and investment by double taxing their returns - specifically interest, dividends, and capital gains. These biases can only be eliminated by removing savings and investment from the tax base, or by eliminating the returns to saving; for example...
North Carolina's tax code penalizes savings and investment by double taxing their returns - specifically interest, dividends, and capital gains. These biases can only be eliminated by removing savings and investment from the tax base, or by eliminating the returns to saving; for example...
 

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