B&H store Archive

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Photography and video tools retailer B&H knowingly did not pay millions of {dollars} in gross sales taxes due in New York, in accordance with a lawsuit filed as we speak by the state attorney general.

The swimsuit alleges that, since 2006, B&H has provided “instant rebate” offers to clients. Under these offers, a producer affords to reimburse an organization that sells its merchandise at a reduction, however the firm nonetheless has to pay taxes on the total, undiscounted value of the merchandise.

B&H, in accordance with the swimsuit, provided on the spot rebates, however did not pay taxes on the low cost. Over 13 years, the swimsuit alleges, B&H obtained a minimum of $67 million in reimbursements on these offers, and didn’t pay greater than $7 million in taxes…

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