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AIG Blasts IRS Economic Substance Claims In $306M Tax Row

By Ama Sarfo (October 17, 2014, 5:08 PM EDT) -- American International Group Inc. on Tuesday bashed the IRS for alleging that several transactions AIG used for foreign tax credits lacked economic substance, telling the Second Circuit the doctrine doesn't apply to the $306 million refund fight because the company complied with congressional standards.  ...

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