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Taxpayers Fund AIG Lawsuit Against US

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opednews.com Headlined to H2 3/20/09

Unbelievably, AIG is suing the federal government using taxpayer dollars;
While the American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore tax havens.

A.I.G. sued the government last month in a bid to force it to return the payments, which stemmed in large part from its use of aggressive tax deals, some involving entities controlled by the company's financial products unit in the Cayman Islands, Ireland, the Dutch Antilles and other offshore havens.

A.I.G. is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly $200 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.
Expect another eruption of universal indignation when this hits the MSM.

 

http://mike-kuykendall.blogspot.com/

Mike Kuykendall is a progressive, patriotic veteran of the U.S. Air Force, fighting hard to save our democracy.

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I don't think you can sue the government unles... by gordon nelson on Saturday, Mar 21, 2009 at 12:49:15 PM
It was the 2006 midterm election. link> click her... by gordon nelson on Saturday, Mar 21, 2009 at 1:10:33 PM
There is an 8-page article in Rolling Stone detail... by Gigi3 on Saturday, Mar 21, 2009 at 1:35:54 PM
There is an 8-page article in Rolling Stone detail... by Gigi3 on Saturday, Mar 21, 2009 at 1:37:42 PM
click here... by gordon nelson on Saturday, Mar 21, 2009 at 1:48:29 PM
I suspect Washington/Congress will never break the... by gordon nelson on Saturday, Mar 21, 2009 at 2:38:34 PM
NO. GOLDMAN-FED-TREASURY isn't finished enriching ... by gordon nelson on Saturday, Mar 21, 2009 at 2:56:38 PM
click here... by gordon nelson on Saturday, Mar 21, 2009 at 4:02:34 PM
Another compelling question connects all of the ab... by gordon nelson on Tuesday, Mar 24, 2009 at 2:55:53 PM