SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Les H who wrote (11303)6/20/2003 11:28:31 AM
From: MulhollandDriveRead Replies (1) of 306849
 
i don't think i would consider such a maneuver an "accounting practice"...as long as the subsidiary has been created within legal guidelines, a company has the right to establish any subsidiary as a function of it's business and assign employees accordingly....obviously when it affects the state's coffers, motives become the issue as it becomes a tax avoidance maneuver.

Federal labor officials told a Congressional panel on Thursday they plan to propose legislation to end a controversial accounting practice that has recently surfaced in North Carolina.

In the past few months, N.C. officials have been cracking down on a practice in which companies move employees into newly formed subsidiaries for the purpose of reducing the amounts they pay in unemployment tax. State officials worry the maneuver is depriving the state of millions of dollars in revenue used to pay benefits for jobless workers.

..
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News