Proposed law targets Verizon, which didn't pay tax levied by two New Jersey towns.
Read the whole story
Read the whole story
And cue Verizon increasing the price of all plans to compensate in 3....2....1....
And cue Verizon increasing the price of all plans to compensate in 3....2....1....
Can they, though? I know Verizon has been quite the den of arrogant twats for quite a while, but the wireless market has been pretty competitive since Legere started running T-mobile. Even Verizon was brought kicking and screaming back into unlimited data plans.
Isn't the bill just saying "you always owed these taxes," though? It's not adding a new tax.So Verizon was definitely being sketchy and should pay everything they owe.
However, the description of the bill is making me a bit leery. As described, wouldn't this be an ex post facto law? Which the US in general has historically frowned on (for good reasons).
So Verizon was definitely being sketchy and should pay everything they owe.
However, the description of the bill is making me a bit leery. As described, wouldn't this be an ex post facto law? Which the US in general has historically frowned on (for good reasons).
It's not Verizon's fault that New Jersey wrote a bad law with a bad loophole and then failed to correct it for >20 years.
It's not Verizon's fault that New Jersey wrote a bad law with a bad loophole and then failed to correct it for >20 years.
It's shitty of them to take advantage of the loophole in bad faith, but I'm more worried about the ex-post-facto nature of the fix. JN should have stepped in years ago when it was clear that the law wasn't working as intended and then collected the taxes going forward. Legal or not, it's a bad precedent to set for anyone wanting to do business in Jersey...
And cue Verizon increasing the price of all plans to compensate in 3....2....1....
So Verizon was definitely being sketchy and should pay everything they owe.
However, the description of the bill is making me a bit leery. As described, wouldn't this be an ex post facto law? Which the US in general has historically frowned on (for good reasons).
Ex post facto restrictions are only applied to criminal law, at least as far as I know. For a civil matter like tax liability that isn't the case.
"dial tone and access to 51 percent of a local telephone exchange."
Now, I will start by pointing out this is an out-of-context snippet of the law, and so I don't know for sure whether other details in the legislation would contradict what I'm about to say, but:
It seems to me that perhaps Verizon has a point based on the language used.
After all, it's 51-percent of a "local telephone exchange", which doesn't necessarily mean 51 percent of subscribers within Hopewell city limits, if the local exchange is shared with neighboring townships, villages, cities, etc.
Now, that said, I presume the judge in the case would have taken that into account if that were actually the case, so I suppose probably something in the law makes what I said not valid.
The other thing I wonder about, these days - accounting for these percentages must be starting to get pretty complex - because now in addition to copper telephone lines, within a local exchange, you have VOiP lines from cable/fiber services, you might have a VOiP company selling VOiP services using the local exchange numbers, but the customers they are providing service to may be anywhere in the world and move frequently, you have mobile-phone numbers, etc.
It's got to be quite a nightmare to account for all that.
Why isn't blatently lying on your tax returns a crime and why isn't Verizon hit with punitive damages?
The "trial revealed that Verizon had substantially underestimated its market share," the Inquirer wrote. "Instead of the 44 percent to 48 percent of the borough that Verizon claimed to serve, Verizon's share was closer to 90 percent, [Judge Mary Siobhan Brennan] concluded."
Why isn't blatently lying on your tax returns a crime and why isn't Verizon hit with punitive damages?
Yes, the correct word is obviously "misunderestimated."The "trial revealed that Verizon had substantially underestimated its market share," the Inquirer wrote. "Instead of the 44 percent to 48 percent of the borough that Verizon claimed to serve, Verizon's share was closer to 90 percent, [Judge Mary Siobhan Brennan] concluded."
"Underestimated" isn't exactly the right word to describe what Verizon did.
It is a crime, if you do it.Why isn't blatently lying on your tax returns a crime and why isn't Verizon hit with punitive damages?
It's not Verizon's fault that New Jersey wrote a bad law with a bad loophole and then failed to correct it for >20 years.
It's not Verizon's fault that New Jersey wrote a bad law with a bad loophole and then failed to correct it for >20 years.
It's shitty of them to take advantage of the loophole in bad faith, but I'm more worried about the ex-post-facto nature of the fix. JN should have stepped in years ago when it was clear that the law wasn't working as intended and then collected the taxes going forward. Legal or not, it's a bad precedent to set for anyone wanting to do business in Jersey...
Business property/inventory taxes are extremely unwise, and I'm glad Verizon avoided them.
Business property/inventory taxes are extremely unwise, and I'm glad Verizon avoided them. Governments shouldn't have the right to tax anything and everything. It's pure avarice. NJ should focus on abolishing those taxes, but NJ has terrible government all the way down, which explains this and a lot of other things.
Taxing companies for providing phone service is a great way to increase the cost of phone service.
Business property/inventory taxes are extremely unwise, and I'm glad Verizon avoided them. Governments shouldn't have the right to tax anything and everything. It's pure avarice. NJ should focus on abolishing those taxes, but NJ has terrible government all the way down, which explains this and a lot of other things.
Taxing companies for providing phone service is a great way to increase the cost of phone service.
Business property/inventory taxes are extremely unwise, and I'm glad Verizon avoided them. Governments shouldn't have the right to tax anything and everything. It's pure avarice. NJ should focus on abolishing those taxes, but NJ has terrible government all the way down, which explains this and a lot of other things.
Taxing companies for providing phone service is a great way to increase the cost of phone service.
How do you propose the government do anything without taxes?
And cue Verizon increasing the price of all plans to compensate in 3....2....1....
Can they, though? I know Verizon has been quite the den of arrogant twats for quite a while, but the wireless market has been pretty competitive since Legere started running T-mobile. Even Verizon was brought kicking and screaming back into unlimited data plans.
They have a wired business though. Wire wireline business there are often few if any competitors. I am in a unique area where I have Verizon FIOS and Comcast as options.
Not really as it is more clarification on a judicial misinterpretation of a law written in 1997.So Verizon was definitely being sketchy and should pay everything they owe.
However, the description of the bill is making me a bit leery. As described, wouldn't this be an ex post facto law? Which the US in general has historically frowned on (for good reasons).
"Why, from foreign import tariffs, of course..."How do you propose the government do anything without taxes?
No Verizon tries to be a little less obtuse about it, i mean we all know they will do it, but they don't brag about it, instead they buy the Chairman of the FCC...So very Trumpian of Verizon. Stiff your creditors, lie about the reasons, and say, "So sue me. I've got more lawyers than you do."
Point taken.No Verizon tries to be a little less obtuse about it, i mean we all know they will do it, but they don't brag about it, instead they buy the Chairman of the FCC...So very Trumpian of Verizon. Stiff your creditors, lie about the reasons, and say, "So sue me. I've got more lawyers than you do."
They also don't hire Lawyers that wouldn't even make sense in a TV courtroom, that happen to be former Mayors....Point taken.No Verizon tries to be a little less obtuse about it, i mean we all know they will do it, but they don't brag about it, instead they buy the Chairman of the FCC...So very Trumpian of Verizon. Stiff your creditors, lie about the reasons, and say, "So sue me. I've got more lawyers than you do."