Print Page - AIG filled 20 million suit against Feds.

Title: AIG filled 20 million suit against Feds.
Post by: StinkerBell on March 20, 2009, 03:11:11 PM

http://www.nydailynews.com/money/2009/03/20/2009-03-20_bailed_out_insurance_giant_american_inte.html

I am not even sure how to respond. Didn't the fed just give them billions of dollars?

Title: Re: AIG filled 20 million suit against Feds.
Post by: glenn kangiser on March 21, 2009, 12:54:19 AM

They are suing for $300,000,000. They don't want to overpay their taxes - on foreign earnings - which is one of the few legitimate taxable items.

Title: Re: AIG filled 20 million suit against Feds.
Post by: Squirl on March 21, 2009, 07:11:38 AM

This is taxes paid on off shore tax shelters. This is extremely brazen.

Title: Re: AIG filled 20 million suit against Feds.
Post by: rwanders on March 21, 2009, 02:30:03 PM

I don't think anyone should have to pay more tax then they owe (and not less either). That said, I wouldn't be upset if they lost their suit.

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