As Brenna Burch reported here on The Progressive Pulse the other day, the state Court of Appeals issued a welcome decision this week when a three-judge panel ruled unanimously that the parent company of the grocer Food Lion (the Belgian corporation known as Delhaize) could not escape state taxes through various avoidance techniques.
This morning, the Greensboro News & Record has an on-the-money editorial about the same matter entitled “Bread and taxes.”
This is the excellent conclusion:
“Delhaize and Food Lion expressed disappointment with the decision and said they are reviewing options. Because Tuesday’s ruling was unanimous — Judges Donna Stroud and Doug McCullough joined Thigpen — the N.C. Supreme Court does not have to hear an appeal.
It’s time to call the issue settled. Food Lion sought a legal means to reduce its state tax bite, as many companies would do. Its plan didn’t work. Now it should focus on continuing its record of good corporate citizenship, which includes paying its fair share of North Carolina taxes.”
You can read the entire editorial by clicking here.