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Industry News: B&H Dodged Taxes With Rebate Plan, New York Attorney General Alleges

By David Schonauer   Thursday November 21, 2019

Photography and video equipment retailer B&H knowingly failed to pay millions of dollars in sales taxes due in New York, according to a lawsuit filed by the state attorney general. The suit alleges that, since 2006, B&H has offered “instant rebate” deals to customers. Under those deals, notes The Verge, a manufacturer offers to reimburse a company that sells its products at a discount, but the company still has to pay taxes on the full, undiscounted price of the item. According to the suit, B&H offered instant rebates but failed to pay taxes on the discount. 

Read the whole story at THE VERGE.

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