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AIG’s sale of its American International Assurance Ltd. (AIA) unit to Prudential UK for $35.5 billion will enable it to pay back $25 billion to the Federal Reserve. And the sale of its American Life Insurance (Alico) unit to MetLife for $15.5 billion will pay back $9 billion of the $60-plus billion AIG owes taxpayers. […]

Switzerland’s right-wing SVP party said on Tuesday it opposes retroactive parliamentary approval of a deal between UBS (UBSN.VX) and the United States on disclosure of secret bank accounts.

An Upper Hut resident who defrauded the Inland Revenue Department (IRD) for NZD 41 000 by using a system fake church donations has been sentenced to seven months home detention and 120 hours of community service.

Mexico has launched a $20-million tax-incentive program in an ambitious move to lure film production from Hollywood and other locales.

The Government of Isle of Man, a self-governing British Crown dependency, has begun public consultation on the potential tax changes which could be implemented on the island nation.

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