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CFO Sink Supports Suit against Internet Travel Companies

11/3/2009

CONTACT: Kyra Jennings or Kevin Cate, (850) 413-2842
 
TALLAHASSSEE -- Florida CFO Alex Sink today issued the following statement in support of Attorney General Bill McCollum’s suit against Expedia and Orbitz for their failure to remit money back to the state:
 
“At last week’s Cabinet meeting, I raised my concern that internet travel companies may be pocketing a tax our citizens have already paid out, instead of following the law,” said CFO Sink. “I appreciate that Attorney General McCollum will now be pursuing this action to collect the full amount owed to the state of Florida.”
 
In mid-October, CFO Sink sent a letter to Department of Revenue Director Lisa Echeverri (attached) requesting this issue be brought up during Cabinet, writing that “other states and local governments have brought administrative and legal actions under their statutory schemes to collect tax revenue from Internet travel companies.”
 
Following CFO Sink’s call to action last week, the Miami Herald/St. Petersburg Times wrote “Only Chief Financial Officer Alex Sink expressed an urgency to resolve the long-running dispute… Sink placed the issue on Tuesday's Cabinet agenda, saying a resolution has languished far too long.” (Miami Herald/ St. Petersburg Times, 10/28/09)
 
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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  As CFO, Sink's priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government's contracting practices.