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Tax Court Hands $144M Tax Bill To Howard Hughes Co.

By Matthew Villmer ( June 2, 2014, 7:00 PM EDT) -- The U.S. Tax Court on Monday said Las Vegas-based real estate development giant The Howard Hughes Co. LLC and a related company could not use a method of accounting on lot sale contracts that defers taxes until development completion, sticking the companies with more than $144 million in back taxes....

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