Chad Arnold Albany Bureau Published 1:17 PM EST Dec 21, 2018 ALBANY – Sprint has agreed to pay a $330 million settlement after the company skirted New York tax law for nearly a decade, New York's attorney general announced Friday. The record-breaking settlement came in the wake of a false claims lawsuit filed by Attorney General Barbara Underwood alleging the cellular provider failed to collect and remit over $100 million in state and local taxes on flat-rate calling plans. The $330 million settlement is the largest recovery by a single state in a false claims lawsuit, according to the attorney general's office. “Sprint knew exactly how New York sales tax law applied to its plans – yet for years the company flagrantly broke the law, cheating the state and its localities out of tax dollars that should have been invested in our communities,” Underwood said in a statement. More: Are you a small business Scrooge? Better mend your … [Read more...] about Sprint to pay record $330 million settlement in New York: Here’s why.
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Britain's foreign secretary will argue at a Policy Exchange think tank meeting that the UK should not close its eyes to the business sector and announce plans to inject 1,000 new staff into Britain's diplomatic services, including 335 new overseas diplomatic staff, 328 staff in London and 329 "new locally engaged staff" based abroad, Politics Home reported. FM Hunt wishes to overhaul Britain's diplomatic services as it concludes Brexit negotiations and leaves the European Union in March 2019. Mr. Hunt will state that "the strength of our network is its professionalism, which has given us what I believe is the finest diplomatic service in the world" and that the UK government should not close its eyes "to the approaches and skills of other industries." "Our network of friendships is unparalleled" and "are underpinned by something more than shared history, shared language or … [Read more...] about UK to Include Private Sector Employees in Over 1,000 New Diplomatic Positions
Fraudulent refunds A handful of conspirators teamed up to steal from European taxpayers, aided by a little-known German bank. Prosecutors are just now catching up with the suspects. Published on September 8, 2018 12:00 pm White-collar criminals aren’t usually so blatant about their intentions. But after tracking a trail of tax fraud that flowed from Denmark to Germany, the UK, Canada, Luxembourg and Malaysia, Danish investigators stumbled on a corporation in Delaware whose name all-but confessed to the crime: Raubritter LLC. Or, in German, Robber Baron. A robber baron with limited liability who is suspected of stealing €9.3 million from the Scandinavian country. On paper, Raubritter is a pension fund, but in reality it may just be a shell company created to launder cash stolen from European taxpayers – one of 23 allegedly fake pension funds set up by Adam LaRosa. Mr. LaRosa and his partners used the companies to dupe Denmark out of a total €1.7 billion … [Read more...] about Pan-European tax fraud web leads to New Jersey and Dubai
By Ann O'LoughlinLegislation needs to be urgently enacted to address mounting difficulties with securing access to justice in the civil courts, particularly in the context of complex commercial litigation, the Supreme Court has said.If a point is reached where it is clear the legislature is making “no real effort” to address the problems, the courts may have to fashion a solution, “undesirable and all as unregulated change might be”, the Chief Justice, Mr Justice Frank Clarke warned."There is a problem that requires to be addressed but the best way, by far, of attempting to provide solutions is by means of legislation."Unregulated change in relation to third party funding of cases or the assignments of actions has the potential “to do more harm than good”, he stressed.Mr Justice William McKechnie said he is increasingly concerned about the difficulties many potential litigants face in attempting to gain access to justice.The right of access to the … [Read more...] about Supreme Court calls for new laws to ensure access to justice
Donald Trump spent more than three years trying to establish a “landmark” hotel at the world-famous home of golf, making at least four failed offers for one of Scotland’s showpiece properties, a Scotland on Sunday investigation can reveal. The US president and his children held high-level talks with senior Scottish banking executives to try and take over Hamilton Hall in St Andrews, one of the most prized venues in world golf, which is now home to some of Scotland’s most expensive properties. However, Trump was repeatedly rebuffed in his attempts to secure financing for what would have been his first international hotel venture. The 71-year-old offered to pay as much as £23m to secure the grand 19th century building overlooking the Old Course’s 18th green. But he insisted on receiving a mortgage and loan totalling £38m, a deal financiers deemed “too risky.” One Bank of Scotland executive who met the property magnate at Trump Tower … [Read more...] about Donald Trump’s failed attempts to buy landmark St Andrews hotel