AIG Sues for Return of $300M in Taxes

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As AIG faces the loss of its bonuses, it’s quietly filed a lawsuit to recoup more than $300 million dollars in what it says are overpaid taxes. The company says it overpaid the government in charges for using off-shore tax havens. The suit effectively means AIG is using U.S. taxpayer money to sue its majority owner, the U.S. taxpayer. The government owns an 80 percent stake in AIG following its $170 billion dollar bailout.

Read more here from the NYTs

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