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Sprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes...
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Thursday, April 19, 2012, 11:39 AM ETSprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes and penalties. "We have collected and paid every penny of sales tax owed to New York."
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Re: http://eyeonsprint.org
Also: http://bit.ly/IBdwQq
Sprint, on the other hand, says they do disagree with that interpretation.
It would seem then that if Sprint is correct T and VZ are in for some hefty refunds.
"Corrupt union bosses" is a handy excuse for lots of stuff, but I've never seen it used as an excuse for tax fraud before. Maybe I should underpay my next year's taxes and see if it works for me.
More generally speaking, though, is my general frustration with unions and their shady tactics. Union members are simply the pocketbooks for unions themselves. I don't subscribe to the naive theory that all workers should receive equal pay, benefits, etc. I've worked before... so I know not all people contribute equally, therefore, should not be compensated equally.
Unions are a touchy topic... I'm sure we could have a near endless debate on their place, or lack thereof, in America. I'm not trying to open a can of worms... But good stuff, nonetheless! :)
Experience teaches me that can't be right. There are honest union "bosses." And there are honest government employees. And god knows there are corrupted corporate chieftains.
So I avoid going with the easy, ideological excuse. Skepticism is OK in my book, but cynicism usually winds up biting the cynic in the behind.
I'm not trying to say all union members, bosses, or govt employees are corrupt. Heck, I have family that works for the govt and have been in unions. I know they are honest, hard working people - and I'm sure that extends to others outside my family.
My point... I don't want unions speaking or acting on my behalf and forcing me to pay dues to support THEIR agenda. I feel my work and consequent results will speak for themselves - be it good or bad.
Companies want talent and skill, so for those who have it, the voices of many aren't required. To those who lack it, the power of numbers is all they have.
In sum, "the collective good" detracts, if not eliminates, an individuals' ability to prosper. Thus my argument that they are destroying the country.
I would like to see it ruled as "interstate commerce" and declared that NY did not have the right to levy the tax. Unfortunately, it is not likely to go that way for the same reason that if I buy a shirt in NY and ship it to KY, I pay sales tax on it to NY due to the fact that the transaction was executed from in NY. However with an interstate communication device, I may be in MT and make a call to CA on a service plan that I purchased in NY. That is interstate commerce and states have no legal jurisdiction over it. Then what right does NY have to tax that transaction?
So this was not random. I am just saying there was calculated motive by someone. Several parties have motive for this action against Sprint. And it may be justified in the end. But you have to believe the CWA is cheering it on and writing letters, calling politicians and applying their considerable influence in any way they can. Regardless of right or wrong, legal or illegal, the unions will side against Sprint and apply political influence against Sprint.
Taxes, government, regulation and unions are a cancer on the economy. They suck the life blood out of it, destroying healthy cells and replacing them with a growing malignancy which is sloth, gluttony, envy, waste, and corruption. We have to purge our country of this cancer. Sometimes to kill cancer, you have to cut out some healthy cells too. If we want to survive, we have to take a meat ax to government regulations and spending at all levels.
Oceanstats is the real culprit here. He got all this stired up with a simple one line question.
You want wars? You want police? Pay taxes.
Now you made a great point about if Sprint is right about their position, then VZ and AT&T are due back one hell of a rebate check. Of course these taxes were paid by their customers and would rightfully have to be rebated back to them. While S on the other hand, has no chance of going back to collect those sales taxes they failed to collect at the point of sale. Serious, serious blunder. Sprint has really screwed the pooch here.
I checked and double checked on my own little business because my margins are less than state sales taxes rates. Even as I am just a dumb ass old country boy, I realized that if I owed sales taxes on my revenues, that I had better collect them otherwise I would be in serious trouble.
A better question than the rebate issue is.... "How many more states does Sprint have this same problem with?" This could bankrupt the company in one fatal swoop. You can bet your ass the CWA is lobbying every state in the Union to jump on Sprint.
Man, this is serious. It could be "lights out" for Sprint. Because if this thing has validity, it also has legs.
It's what my dad used to say 40 years ago. Don't like cops? Next time you need help, call a hippie.
Good luck with that, by the way.
Any reference? Liberals are defending the labor gangs generous benefits and votes, while conservatives merely wish to bring them in line with the private sector, to keep cities and states from chapter 7 or 13...
Your arguments are not factual, but simply emotion based, something liberals excel in...
I know you enjoy projecting your emotionalism on those who disagree with you, but I'm calling you on it. And I will continue to do so. Not for your sake, but for the sake of those of clearer heads who don't want to lose money in emotional appeals to ideology, like your last.
It will be interesting to see if Sprint sets aside any reserve funds out of their cash flow to cover any potential liablilites as a result of this thing getting eventually settled with an amount due. That would bake in a pretty large loss for Sprint for the next quarter.
Please get a grip..
Dana says "Now it's liberals defending cops and conservatives attacking them as union thugs."
Again, I ax you, any reference? If not, I have made my case (nyag) and I am done with this thread...