ALBANY, N.Y. (AP) — New York state officials say Sprint will pay $330 million to settle a lawsuit that accused the telecommunication company of dodging more than $100 million in state and local taxes.
Attorney General Barbara Underwood and Acting Tax Commissioner Nonie Manion said Friday the agreement resolves a tax enforcement case brought in 2011.
The suit said Sprint violated the New York False Claim Act for nearly a decade by knowingly failing to collect and remit sales taxes owed on flat-rate wireless calling plans sold to New Yorkers.
Sprint spokeswoman Lisa Belot says the Overland Park, Kansas-based company disagrees with the state’s characterizations but is pleased with the settlement and believes it’s in Sprint’s best interests.
Most Read Business Stories
- Trump administration backs off a deal for Bothell's Ventec and GM to produce 'up to 20,000' ventilators a month amid coronavirus crisis
- Trump orders GM to make ventilators for coronavirus fight after it agreed to produce them with Bothell's Ventec
- Trump signs $2.2T stimulus after swift congressional votes VIEW
- Some landlords offer rent relief during coronavirus shutdown. Others — not so much.
- New Inslee edict: Most construction work is not authorized during coronavirus shutdown
State officials say a whistleblower in the case will receive nearly $63 million of the settlement.