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