Saturday, March 21, 2009

Overseas Investments by AIG Mentioned in Lawsuit against IRS

Table 1: Showing overseas firms owned directly or indirectly by AIG Financial Products Division, place of incorporation and investment made

 

Overseas Firm owned directly or indirectly by AIG Financial Products

Place of Incorporation

Amount (in millions of US dollars) invested directly or indirectly by AIG Financial Products Division

 

Lumagrove Finance Company Limited

Cayman Islands

$479

 

Palmgrove Finance Company

Cayman Islands

$229

 

Maitengrove Finance Corporation

Cayman Islands

$257

 

AIG-FP (NZ) No 1 Limited

New Zealand

$440

 

AIG-FP (NZ) No 2 Limited

New Zealand

#1 Amalgamated with #2

 

Financiere Laperouse SCA

France

$1,000

 

Financiere Vespucci SCA

France

$265

 

Foppingadreef Investments (No. 2) NV

Netherlands

$1,000

 

Total

 

$3,670


 

Table 2: Showing overseas firms owned directly or indirectly by AIG Financial Products Division, borrowing made against shares and the lender

 

Overseas Firm owned directly or indirectly by AIG Financial Products

Borrowings in millions of US dollars against shares

Lender

 

Lumagrove Finance Company Limited

$295

from Bank of Ireland

 

Palmgrove Finance Company

$148

Irish Permanent PLC

 

Maitengrove Finance Corporation

$160

from Bank of Ireland

 

AIG-FP (NZ) No 1 Limited

$268

from Bank of New Zealand

 

AIG-FP (NZ) No 2 Limited

  
 

Financiere Laperouse SCA

$800

Caisse Nationale de Credit Agricole

 

Financiere Vespucci SCA

$100

Banca Commerciale Italiana SpA

 

Foppingadreef Investments (No. 2) NV

  
 

Total

$1,771

 


 

Table 3: Showing overseas firm owned directly or indirectly by AIG Financial Products Division, earnings share received directly or indirectly by AIG-FP and taxes paid overseas

 

Overseas Firm owned directly or indirectly by AIG Financial Products

Overseas earnings share received directly or indirectly by AIG-FP

Overseas Taxes

 

Lumagrove Finance Company Limited

$7

$4

 

Palmgrove Finance Company

$2

$1

 

Maitengrove Finance Corporation

$8

$5

 

AIG-FP (NZ) No 1 Limited

  
 

AIG-FP (NZ) No 2 Limited

$29

$14

 

Financiere Laperouse SCA

$25

$18

 

Financiere Vespucci SCA

$9

$7

 

Foppingadreef Investments (No. 2) NV

$5

$13

 

Total

$85

$62


 

No comments:

Post a Comment