TaxFraud
Latest
Amazon and eBay accused of turning blind eye to VAT fraud
It's not uncommon to see a headline vilifying a well-known tech company for their incredibly low tax contributions despite turnovers in the billions. The EU is famously taking Apple to task, but more often than not, these clockwork bouts of outrage are frustrating to endure. If these "loopholes" are built into the system, it would seem energy could be better spent lobbying for tax reform instead of telling the same story ad infinitum. But this isn't one of those stories. In a new report, the UK government's Public Accounts Committee has made some pretty strong allegations against Amazon, eBay and other unnamed online marketplaces, accusing them of facilitating VAT fraud.
Alabama tests filing taxes via selfie
As tax day looms, Alabama citizens will get to live the dream and file using an app on their mobile device. The state's department of revenue is partnering with MorphoTrust to let taxpayers use the company's electronic ID (eID) system to digitally send in their taxes. In return for using the face-scanning app to prove their identity online, folks willing to to test the new setup will get priority processing and an expedited return.
Sprint forced to defend $300 million New York State tax fraud case
Sprint's bid to dismiss a $300 million tax suit filed by New York's attorney general has been denied by the state's supreme court, according to Bloomberg. The judge in the case decided the claims "satisfactorily allege that Sprint knowingly submitted false monthly tax statements," and that a hearing will take place later this month. The so-called whistle-blower lawsuit arose in 2011 after Sprint believed it could withhold up to 25 percent of the taxes it was supposed to collect on fixed-rate wireless contracts. For its part, the state claimed it illegally treated them as nontaxable, adding that operators like AT&T and Verizon "correctly paid" them. The carrier said it intended to file an appeal, adding that New Yorkers, "who already pay some of the highest wireless taxes in the country," are being forced to "pay even more." Of course, given the recent merger approval by shareholders, Sprint's headache could soon become Softbank's, too.
