AIG Extends Tax Asset Protection Plan To 2017

Law360, New York (January 9, 2014, 3:14 PM EST) -- American International Group Inc. has extended until 2017 a tax asset plan that preserves deferred operating losses and foreign tax credits it can use to offset its income in the coming years, the company said Wednesday.

AIG's Tax Asset Protection Plan was due to expire in March, but the insurer's board of directors has approved an amendment to the plan that extends the expiration date to Jan. 8, 2017, it said.

The insurance company says it has significant U.S. net operating loss carry-forwards, capital loss carry-forwards...
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