APNewsBreak: Sprint-Nextel sued for NY taxes
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New York Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) is suing Sprint-Nextel Corp., claiming it under-collected and underpaid $100 million in sales taxes to keep prices down.
The lawsuit is the first filed under a state law allowing the government to sue over tax losses from fraud. It could require the company to pay triple the amount it is accused of underpaying.
Schneiderman says Sprint since 2005 underpaid the tax and submitted false records.
Since 2002, New York tax law has required mobile phone companies to collect and pay sales taxes on the full amount of their monthly access fees for calling plans. Schneiderman says competitors Verizon, AT&T, T-Mobile, and MetroPCS pay the tax.
Sprint says the complaint is "without merit" and it paid all taxes it believes its customers owe.
* § 109. Supplementary regulatory powers of the commission. Notwithstanding any inconsistent provision of law, the commission through its rules and regulations or in allotting dates for racing, simulcasting or in licensing race meetings at which pari-mutuel betting is permitted shall be authorized to: 1. permit racing at which pari-mutuel betting is conducted on any or all dates from the first day of January through the thirty-first day of December, inclusive of Sundays but exclusive of December twenty-fifth, Palm Sunday and Easter Sunday; and 2. fix minimum and maximum charges for admission at any race meeting. * NB Effective October 1, 2012
APNewsBreak: Sprint-Nextel sued for NY taxes
Story Tools
New York Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) is suing Sprint-Nextel Corp., claiming it under-collected and underpaid $100 million in sales taxes to keep prices down.
The lawsuit is the first filed under a state law allowing the government to sue over tax losses from fraud. It could require the company to pay triple the amount it is accused of underpaying.
Schneiderman says Sprint since 2005 underpaid the tax and submitted false records.
Since 2002, New York tax law has required mobile phone companies to collect and pay sales taxes on the full amount of their monthly access fees for calling plans. Schneiderman says competitors Verizon, AT&T, T-Mobile, and MetroPCS pay the tax.
Sprint says the complaint is "without merit" and it paid all taxes it believes its customers owe.
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