Sprint settles New York tax lawsuit, will pay record $330 million

A long-running tax dispute between Sprint and New York has finally come to an end.

The Overland Park, Kansas-based telecom company has agreed to pay $330 million to settle a lawsuit filed by the state attorney general in 2012.

The suit claimed Sprint knowingly neglected to collect state and local taxes on certain wireless plans sold in New York.

Sprint argued it did not need to collect the taxes on calls within the state, only outgoing calls.

The company also faced an investigation by the Securities and Exchange Commission for the same issue, but the SEC ultimately decided not to recommend enforcement action.

It’s the largest recovery the state has collected under the New York False Claims Act.

Read more: Kansas City Star

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