September 26, 2014
Delivery Service Pays NYC $5 million For Avoiding Cigarette Taxes
[From article]
A Virginia-based delivery company on Wednesday agreed to shell out $5 million to the city to settle a lawsuit accusing the business of illegally assisting upstate Indian reservations in delivering untaxed cigarettes to Big Apple residents.
The settlement in the Manhattan federal court suit against LaserShip Inc. also mandates the company agree to end all cigarette shipments and strengthen its compliance practices.
The city alleged Lasership failed to charge the required $5.85 per pack while delivering about 120,000 cartons of cigarettes in some 23,000 deliveries citywide from 2011 until June 2013.
The $5 million payoff exceeds the city’s actual $1.9 million tax loss.
http://nypost.com/2014/09/24/delivery-company-in-un-taxed-cigarette-racket-to-pay-5m/
Delivery company in un-taxed cigarette racket to pay $5M
By Rich Calder
New York Post
September 24, 2014 | 7:07pm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment