Sprint forced to defend $300 million New York State tax fraud case

Stefan Mileschin · 3rd July 2013, 07:17

Sprint's bid to dismiss a $300 million tax suit filed by New York's attorney general has been denied by the state's supreme court, according to Bloomberg. The judge in the case decided the claims "satisfactorily allege that Sprint knowingly submitted false monthly tax statements," and that a hearing will take place later this month. The so-called whistle-blower lawsuit arose in 2011 after Sprint believed it could withhold up to 25 percent of the taxes it was supposed to collect on fixed-rate wireless contracts. For its part, the the state claimed it illegally treated them as nontaxable, adding that operators like AT&T and Verizon "correctly paid" them. The carrier said it intended to file an appeal, adding that New Yorkers, "who already pay some of the highest wireless taxes in the country," are being forced to "pay even more." Of course, given the recent merger approval by shareholders, Sprint's headache could soon become Softbank's, too.

http://www.engadget.com/2013/07/02/s... ign=Engadget

3rd July 2013, 07:17	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 144,110	Sprint forced to defend $300 million New York State tax fraud case Sprint's bid to dismiss a $300 million tax suit filed by New York's attorney general has been denied by the state's supreme court, according to Bloomberg. The judge in the case decided the claims "satisfactorily allege that Sprint knowingly submitted false monthly tax statements," and that a hearing will take place later this month. The so-called whistle-blower lawsuit arose in 2011 after Sprint believed it could withhold up to 25 percent of the taxes it was supposed to collect on fixed-rate wireless contracts. For its part, the the state claimed it illegally treated them as nontaxable, adding that operators like AT&T and Verizon "correctly paid" them. The carrier said it intended to file an appeal, adding that New Yorkers, "who already pay some of the highest wireless taxes in the country," are being forced to "pay even more." Of course, given the recent merger approval by shareholders, Sprint's headache could soon become Softbank's, too. http://www.engadget.com/2013/07/02/s... ign=Engadget

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Sprint pays US Cellular $480 million for Midwest spectrum and customers	Stefan Mileschin	WebNews	0	8th November 2012 06:38
Spanish lawyer to defend Assange	Stefan Mileschin	WebNews	0	30th July 2012 07:51
Apple forced to say sorry to Samsung	Stefan Mileschin	WebNews	0	20th July 2012 06:22
Apple forced to defend its tracking actions	Stefan Mileschin	WebNews	0	14th June 2012 08:39
Konami Sued By Bank For Fraud Over $15M Loan	Stefan Mileschin	WebNews	0	25th May 2012 07:37
Smartphone Use Tied to Rise In Identity Fraud	Stefan Mileschin	WebNews	0	23rd February 2012 07:58
Sprint goes all in on iPhone, commits to 30.5 million handsets	Stefan Mileschin	WebNews	0	4th October 2011 06:38
Massman, just back from Gigabyte OC Competition, to defend Belgium in MSI OC Contest	jmke	WebNews	0	6th June 2009 12:40
AMD lent $650 million for New York State fab	jmke	WebNews	0	25th December 2006 22:25
'Doomsday nerds' defend cyberspace	jmke	WebNews	0	24th March 2005 09:17