B&H in tax trouble

[drd1135]

Update: B&H Photo accused of dodging millions in taxes in newly filed lawsuit

A lawsuit filed by the State of New York accuses electronics retailer B&H Foto & Electronics Corp of alleged tax fraud to the tune of more than $7M.

m.dpreview.com

 

[Bobby Tingle]

That's bad.

 

[drd1135]

It could be real bad. Back taxes and fines. I wonder if they also neglected this on their federal taxes.

 

[Luke]

I wonder if Adorama is licking their chops

 

[drd1135]

Assuming they haven’t done it too.

 

[Jonathan F/2]

DPR is ultra biased. The fact they're owned by Amazon makes all their reporting even more suspect.

 

[drd1135]

a few more sources:

B&H failed to pay millions in sales tax: attorney general

Photo giant B&H knowingly cheated New York state out of at least $7 million in sales tax over the course of 13 years, a new lawsuit filed Thursday by state Attorney General Letitia James charge…

nypost.com

Camera megastore B&H dodged millions in state taxes, according to New York attorney general Letitia James

The suit alleges that the company passed along “instant rebate” deals from manufacturers to customers, but failed to pay tax on the full price of the item as required by law.

www.nydailynews.com

B&H Photo evaded millions in sales tax on rebates, AG says; CEO, from Monsey: No tax was due

B&H failed to pay sales tax on instant rebates: AG. Company says it would be a tax on money consumers never spent.

www.lohud.com

 

[Covey22]

Yeowch! Honestly, the last two lenses I bought were from a Big Box store, not the usual NYC Photo retailer suspects. Hopefully they did pay the tax since I took advantage of manufacturer instant rebates.

My less sympathetic friends on other forums commented "Taxation is theft."