​TN Supreme Court: Yes Verizon, you have to pay state taxes on all those sales

The Tennessee Supreme Court on Thursday ruled on a longstanding tax dispute between state revenue officials and the parent company of Verizon Wireless.

The court determined the state commissioner of revenue was within his authority to put in place a tax variance on Verizon’s parent, Vodafone America Holdings. The telecom giant was seeking an exemption on state franchise and excise taxes paid during a six-year period, despite generating more than $1 billion in sales receipts from Tennessee customers…