Skip to main content

Sprint will pay $330 Million to New York in tax fraud settlement

By

A long-running lawsuit between the state of New York and Sprint has come to a close. According to New York Attorney General Barbara D. Underwood (via Engadget), the wireless carrier will pay the state $330 million to settle claims that it failed to collect more than $100 million in taxes from customers for nearly a decade.

The state sued the telecommunications company in 2012, alleging that the company deliberately failed to collect $100 million in sales taxes on flat-rate access charges for wireless plans over the course of seven years, and that it filed false records and statements to the state in order to reduce the prices of its products. At the time, Sprint denied the allegations, saying that it was “without merit,” and vowed to fight back in court.

The settlement is the largest in “largest-ever recovery by a single state in an action brought under a state false claims act,” and brings the long-running lawsuit to an end, according to the AG’s office. The office says that “a substantial portion” of the settlement has “already been distributed to the localities who were directly harmed by Sprint’s conduct.”

In a statement to Engadget, Sprint says that it is “pleased” with the settlement, and that while it disagrees with the conclusions of the AG’s office, it is moving forward “in the best interest of the company.”



from The Verge - Teches http://bit.ly/2Ra0MNC
Labels:

Comments

Post a Comment

Popular posts from this blog

Magic Leap is shipping across (most of) the US

By
As Magic Leap holds the first developer conference for its Magic Leap One mixed reality headset, that headset has started shipping across the contiguous United States, instead of in a set of select markets. The Magic Leap One Creator Edition costs $2,295, just like before, but there’s now an installment plan that starts at $96 per month. All orders are supposed to arrive within 60 days. The Magic Leap One Creator Edition went on sale in early August, and while Magic Leap has touted it as a fully functional device, it’s basically meant for people who want to design apps, games, or art for mixed reality. We were ambivalent toward the hardware, which we found limited, and we noted that Magic Leap hadn’t shown off a lot of material that showcased its potential. The company’s developer conference keynote has revealed several new projects. Among other things, Spider-Man studio Insomniac Games is building an experience that will let you grow a holographic creature on your tabletop, and...
Post a Comment
Read more

The company behind the adorably doomed robot Kuri is shutting down

By
Less than a month after Mayfield Robotics said it was stopping production on its Kuri home robot, the company announced today on its blog that the company will be shutting down. Mayfield Robotics launched in 2015 as part of Bosch’s Startup Platform, but struggled to integrate with and find a business fit within Bosch. Since the cancellation of its Kuri robot, Mayfield Robotics had been looking for external partners for long-term technology development, but was unable to find investment to support its future. The company will cease all operations by October 31st. We first met Kuri at CES 2017, and it wasn’t yet able to showcase all the features it was promised to have in the future. The robot was supposed to have smart assistant functionalities like an Amazon Echo, but with a much cuter face and movable body. Promo videos showed it working as a moving home security camera that was controllable through the Kuri app, but in the demonstration we saw, it only had as much functionality a...
Post a Comment
Read more

Amazon’s plans for a New York office are under new scrutiny

By
A month ago, when Amazon announced that it would build regional offices in New York and Virginia at great expense to the taxpayers there, I wrote that it had misunderstood the moment : Perhaps the furor over Amazon’s regional offices will blow over. But it’s hard not to feel today as if the company misread the room — overestimating the public’s appetite for a billion-dollar giveaway to one of the world’s biggest companies, and underestimating the public’s ability to raise hell on- and offline. Amazon may yet feel that pain, in the long run. Today, Amazon met the room: 150 protesters who showed up to the first New York City Council hearing about the plan. According to reports from the scene, demonstrators’ concerns start with the $3 billion in incentives that New York plans to give Amazon in exchange for locating there — and, it says, creating 25,000 jobs. Here’s Leticia Miranda in BuzzFeed : ”You’re worth a trillion dollars,” New York City Council Speaker Corey Johnson told the ...
Post a Comment
Read more