Taxpayers Fund AIG Lawsuit Against US
AIG, now infamous for their executive bonuses, has decided that the 0 billion they received from the government is not nearly enough and is suing the government for the return of 6 million in tax payments. “A.I.G. is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly 0 billion into the insurer in a bid to avert its collapse and avoid troubling the global financial markets. The company is in effect asking for even more money, in the form of tax refunds. The suit also suggests that A.I.G. is spending taxpayer money to pursue its case, something it is legally entitled to do. Its initial claim was denied by the Internal Revenue Service last year.”
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