The Wall Street Journal takes a look at how the IRS is treating the "tax assets," including operating loss carryforwards, of GM, Citigroup, and AIG. The upshot seems to be that if the government owns you, you can get it to give you a decent deal on taxes.
'Tax Breaks for Bailout Recipients'
https://www.futureofcapitalism.com/2010/12/tax-breaks-for-bailout-recipients
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by Editor | Related Topics: AIG, Auto Industry, Banking, Capital Markets Regulation, Government ownership, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list
