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The California Franchise Tax Board completed an audit in 1993 of Hyatt's tax returns, and determined that Hyatt's primary residence was actually California in 1991 and 1992; the FTB assessed Hyatt $13.3 million in back taxes and fraud penalties. [17] Hyatt filed a protest but after 11 years of administrative proceedings, it was upheld.
Billback or bill back is an accounting service or suite of software that is used for cost recovery.. With a billback system, the client or payer is charged a percentage of the total cost of equipment, services, and venues of which they have already used.
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Jay Pritzker Pavilion, Chicago, Illinois, USA. Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American businessman and member of the Pritzker family.He was a founder of the Hyatt Corporation, having purchased the first Hyatt Hotel in 1957, and was responsible for the corporation's evolution into a multinational hospitality conglomerate.
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