Sprint Gets SEC Subpoena Tied to Sales Tax

Sprint Nextel Corp. said it received a subpoena from the U.S. Securities and Exchange Commission in connection with its probe over the wireless carrier’s collection of state and local taxes.

The SEC’s investigation follows a suit filed against Sprint by New York’s attorney general in April, seeking $300 million for the carrier’s alleged failure to pay sales taxes due on some of its wireless plans over the past seven years.

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