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Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.
The move, which sent the company's shares up by about 6 percent, essentially means AIG will not pay tax on tens of billions of dollars in income in the coming years..
http://www.reuters.com/article/2012/02/23/us-aig-idUSTRE81M21E20120223
The move, which sent the company's shares up by about 6 percent, essentially means AIG will not pay tax on tens of billions of dollars in income in the coming years..
http://www.reuters.com/article/2012/02/23/us-aig-idUSTRE81M21E20120223