Sprint Nextel responded to allegations from the New York Attorney...
Sprint Nextel responded to allegations from the New York Attorney general that it failed to collect the necessary taxes from its New York customers. “Sprint recently received a subpoena from the Securities and Exchange Commission in connection with its investigation…
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of our practices in the collection and remittance of state and local taxes, including those in New York,” the carrier said Thursday (http://xrl.us/bni6oh). “Sprint is cooperating with the SEC in regards to its inquiries and we believe our practices ... are in compliance with applicable law.” The complaint is “without merit” and questions the virtue of the wireless taxes the attorney general’s office is asking consumers to pay, Sprint said in a written statement. “We intend to stand up for New York consumers’ rights and fight this lawsuit.” The New York attorney general first sued Sprint for what it called a “groundbreaking” case of tax fraud of over $300 million in April (http://xrl.us/bni6n3).