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AIG sues US government for $30mn tax overpayment

9 July 2012

Three years after its bailout by the US government, American International Group (AIG) is suing the federal government for $30.2mn over its alleged overpayment of taxes.

AIG filed a lawsuit in the US Court of Federal Claims in Washington, alleging that it overpaid taxes from 1997 to 1999 and that the Internal Revenue Service (IRS) had not yet addressed a refund request from 2007.

"AIG is bringing this action to protect itself against the running of the six-year statute of...


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This article was published as part of issue July 2012/2

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