The Baker Donelson law firm examines how the Supreme Court’s Wayfair decision for collecting online sales taxes already has a tangled history in South Carolina through the years the state spent attracting an Amazon distribution system, followed by negotiations and lawsuits that affect third-party sellers. A November trial before an administrative law judge will stems from Amazon contesting a SC DOR Determination, but that case may take many years to complete.
Soybeans, which are South Carolina’s third-largest cash crop, have seen their prices drop through the summer amid the U.S-China tariff trade war, and farmers are monitoring what prices will be come November. South Carolina ranks 22nd among states in soybean revenue, and numbers from the National Agricultural Statistics Service show that state soybean revenue in 2017 was nearly three times higher than tobacco and eight times as much as peaches.
Google has petitioned the Berkeley County Council for a $600 million expansion for its Moncks Corner data center, which is among a handful of locations across the country that powers such services as Gmail and Google Drive. Plans disclosed by the county council, which went by the code name “Project Linden” in previous council talks, include the possibility of a property tax deal and call for the project’s completion by the early 2030s. In the past decade, Google has invested $1.8 billion in the site.
South Carolina is one of nine states that has approved private unemployment insurer SafetyNet, an offshoot of CUNA Mutual that offers policies for $7.50 to $45 per month for a promise of lump-sum payments between $1,500 and $9,000 in case of layoffs or injuries. Numbers from the Federal Reserve show 40% of Americans do not have the cash to cover a $400 emergency despite an unemployment rate at or below 4% (South Carolina’s was 3.8% in June). Greenville financial adviser Hans Blake has warned potential buyers to consider the terms and long-term viability of the investment. “From my perspective, this is preying on those same people who aren’t able to save,” he told the Greenville News.
McDonald’s and its South Carolina franchisees will invest $109 million to modernize 190 restaurants — an average of more than half-a-million dollars per store — through 2019 as part of a $6 billion nationwide program, according to a statement. The “Experience of the Future” redesign includes upgrades to dining rooms and decor, self-order kiosks, table service and parking spots reserved for curbside pickup of mobile orders. “We are also pleased that this modernization supports local architecture, engineering and construction jobs,” said Lisa Main, an owner and operator of South Carolina locations.