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Inland Port Taxes

Charleston, SC: (Oct-18-07) John Harris, a North Carolina developer, brought a lawsuit against CaroLinks, a Charleston-based logistics company, over a $500,000 loan that was to establish an inland port with a direct rail connection to North Charleston. The suit stated that Harris lent CaroLinks $500,000 to help support its planned inland port project, which initially included an ambitious plan to transfer cargo from the SC State Ports Authority's Wando Welch terminal to the former Macalloy site in Charleston, and then to transport it by rail and barges to the Santee area. The company also faced charges by the state and federal government over alleged unpaid taxes.

As part of a settlement reached, CaroLinks agreed to end its tax debt to the state of South Carolina by paying more than $82,000. The company also paid the federal government nearly $483,000. The amount that was paid to Harris has not been announced as yet. [TIMES AND DEMOCRAT: PORT TAXES]

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Published on Oct-20-07


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