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Bailed-out AIG wants $30.2 million in tax interest
07-06-2012, 08:43 PM
Post: #1
Bailed-out AIG wants $30.2 million in tax interest
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Bailed-out AIG wants $30.2 million in tax interest

Quote:American International Group, the insurance giant saved by a massive federal bailout, says it wants some tax money back — from 1991.

AIG is suing in Federal Claims Court in Washington for $30.2 million. It says that's how much interest is owed from an overpayment 21 years ago.

The company says it underpaid its taxes in the late 1990s. But it claims it overpaid in 1991, so the interest owed in the various tax disputes works out in AIG's favor.

AIG says it filed the lawsuit on Thursday because the statute of limitations on its claims was about to run out.
The Internal Revenue Service is run by the Treasury Department, which also owns about 70 percent of AIG common stock. AIG still owes about $17.5 billion to the government.

Seriously?
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07-06-2012, 10:02 PM
Post: #2
RE: Bailed-out AIG wants $30.2 million in tax interest
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Just deduct it from AIG's ginormous (wow, the Chrome spell-checker agrees with me that ginormous is a word! Big Grin ) bill.

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07-07-2012, 11:19 PM
Post: #3
RE: Bailed-out AIG wants $30.2 million in tax interest
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They want their company back.
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03-13-2014, 07:33 AM
Post: #4
RE: Bailed-out AIG wants $30.2 million in tax interest
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This will be in the news for sure. People will be watching what will happen to this. The bailouts the federal government made many years back, to keep some large financial firms open and to prevent additional fiscal mayhem, may have not been as bad an idea as many believed. One of the biggest bailouts was the AIG bailout, which came to almost $200 billion being lent to the institution by the working class individuals.
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06-24-2014, 12:31 AM
Post: #5
RE: Bailed-out AIG wants $30.2 million in tax interest
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Federal government made $18B in profits off AIG bailout

The bailouts the federal government made many years back, to keep some large financial firms open and to prevent additional fiscal mayhem, may have not been as bad an idea as many believed. One of the biggest bailouts was the AIG bailout, which came to almost $200 billion being lent to the institution by the working class individuals. So far, the government has really made a profit on AIG, about $18 billion worth. All the information and facts you will need is at MatchFinancial.
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06-25-2014, 03:57 AM
Post: #6
RE: Bailed-out AIG wants $30.2 million in tax interest
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Interesting topic. However, I must say that the bailouts the federal government made many years back, to keep some large financial firms open and to prevent additional fiscal mayhem, may have not been as bad an idea as many believed. One of the biggest bailouts was the AIG bailout which came to almost $200 billion being lent to the institution by the working class individuals. So far, the government has really made a profit on AIG, about $18 billion worth.
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