Friday, March 20, 2009

AIG sues government for millions

Sometimes you have to do a double-take when reading about the nerve of some folks.

After AIG asked for and got a government bailout and promptly squandered this money on executive bonuses, now it turns out that AIG has the gall to sue the government, demanding that the government pay back over $300,000,000 in taxes.

Some of these payments were related to deals conducted via offshore tax havens. Obviously, AIG was at some point avoiding taxes, if it used tax havens.

It gets worse. It appears that AIG is using bailout money to pursue its lawsuit.

A major corporation receives taxpayer dollars and expects not to have to pay taxes? Sort of like, oh, all those corporations that haven't paid taxes since 1998, I guess.

(Source: http://www.nytimes.com/2009/03/20/business/20aig.html)

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