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High Court Adopts Forward-Looking Method Of Calculating Disposable Income

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court in an 8-1 decision June 7 affirmed an appellate court's ruling and held that when a bankruptcy court calculates a debtor's projected disposable income, the court may account for changes in the debtor's income or expenses that are known...

Court Won't Reconsider Tax Targeting Nude Bars

WASHINGTON, D.C. - (AP) The Supreme Court won't stop Utah from enacting a tax that hits only adult-oriented businesses. The high court on Tuesday refused to hear an appeal from Denali, LLC, which wanted to overturn a decision by the Utah Supreme Court. Full version available to lexis.com subscribers...

Paul Hogan To Sue Australia For Failed Tax Probe

ADELAIDE, Australia - (AP) "Crocodile Dundee" star Paul Hogan will sue the Australian government for damaging his reputation during a failed criminal investigation into his tax dealings. Fairfax Media on Thursday reported that Hogan's lawyer said the actor could seek up to $80 million for...

High Court: Medical Residents Considered Employees

WASHINGTON, D.C. - (AP) The Supreme Court ruled Tuesday that medical residents should be considered employees when it comes to collecting Social Security taxes. The high court said that the IRS did not have to refund tax money collected by the Mayo Foundation of Rochester, Minn., and the University of...