SEC Closes Tax Probe on Sprint

Posted by at 11:05 am on August 5, 2013

The U.S. Securities and Exchange Commission has closed its investigation of Sprint’s tax practices and will take no action against the company.

The SEC launched its investigation in July 2012 and closed the probe last month. Sprint is still being targeted by New York Attorney General Eric Schneiderman, however, for what he believes is Sprint’s failure to properly collect sales taxes for its wireless plans over the last seven years.

The New York case is ongoing and Schneiderman is seeking $300 million in back-taxes from Sprint.

Sprint denies any wrongdoing.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email

Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2022 · StreetCorner Media , LLC· All Rights Reserved ·