Virgin Mobile, TracFone Target 911 Tax In Texas High Court

Law360, Dallas (October 17, 2012, 2:39 PM EDT) -- TracFone Wireless Inc. and Virgin Mobile USA Inc. on Wednesday told the Texas Supreme Court they’re entitled to a refund of a state tax on their prepaid cellphones because a fee for emergency services applied only to traditional wireless plans.

The companies say a 1997 law imposing a $0.50 monthly fee on cellphone users to fund the state’s 911 services didn’t contemplate the business model for prepaid phones and should never have been charged. They contend a 2009 revision to the law, specifically addressing prepaid phones,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.