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Texas High Court Sides With Hallmark In 'Net Gain' Tax Case

By Vidya Kauri ( April 15, 2016, 7:54 PM EDT) -- The Supreme Court of Texas reversed lower court rulings Friday in favor of Hallmark Marketing Co. LLC, saying the state comptroller was wrong to include nearly $630 million in net losses in a formula to calculate the greeting card company's franchise tax liability....

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