Tax

B&H recently made headlines after being accused by the New York Attorney General’s office of being short on sales tax by at least seven million dollars over the past 13 years. They allege that B&H intentionally miscalculated sales tax in order to make their prices look more attractive to customers to outsell the competition.

A statement has now been issued by B&H spokesperson, Jeff Gerstel, disputing these claims, stating that their approach is the same way the entire consumer electronics retail industry works, and that the AG just wants to tax New Yorkers on money they haven’t spent.

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The Verge reports that the New York Attorney General believes retailer B&H has dodged over $7,000,000 in taxes in a lawsuit filed recently. It’s all to do with the “Instant Rebate” offers, which are common amongst online retailers these days. The suit claims that B&H has “cheated” the NY sales tax and that they “chose profits over principles”. The investigation and lawsuit come as a response to a whistleblower they say approached them in January 2016.

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