New York based American Insurance Group (AIG), the insurance conglomerate that required government intervention to keep them from going bust, has appointed Clarissa Potter, former IRS Deputy Counsel to the position of Deputy Tax Director. Her primary responsibility is to protect the company’s tax assets. Potter will report directly to Tal Kaissar, the Director of Tax in AIG.
In a statement about Potter’s appointment, Chief Executive Officer Robert Benmosche said, “The complexity of AIG's global structure requires a holistic approach to compliance with domestic and international tax law, (Potter’s) first-hand understanding of tax policy makes her uniquely positioned to help AIG in this regard.”
AIG’S losses and that of its subsidiaries amounted to more than $25 billion of so-called deferred tax assets as of December 31, 2010 that may lower obligations to governments.
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