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Sears Can't Reap 'Bad Debt' Tax Refunds: Mich. High Court

By Ama Sarfo ( May 19, 2014, 2:24 PM EDT) -- Michigan's highest court on Friday said Sears Roebuck & Co. and two other retailers cannot receive refunds on sales taxes they paid for credit card paying customers who went into default on their cards because the losses were written off by third-party financing companies....

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