[lbo-talk] the best friend Wall Street ever had (cont.)

[Doug Henwood]

News Alert
08:06 PM EST Tuesday, December 15, 2009

Citigroup gains massive tax break in deal with IRS

The IRS has issued an exception to tax rules for the benefit of  
companies including Citigroup. As a result, Citigroup will be allowed  
to retain $38 billion in tax breaks that otherwise would decline in  
value when the government sells its stake to private investors.