Citi Wins Massive Tax Break

Firm will use dodged fed taxes to repay fed bailout bucks

By Rob Quinn, Newser Staff

Posted Dec 16, 2009 3:11 AM CST | Updated Dec 16, 2009 5:45 AM CST

(Newser) – The government will be collecting billions of dollars less in taxes from Citigroup as part of Citigroup's deal to pay back federal bailout money. The IRS has granted an exemption from tax rules relating to Citigroup and other companies partially owned by the government. The... Read full story »

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Citi Wins Massive Tax Break

Firm will use dodged fed taxes to repay fed bailout bucks

IRS • Citigroup • Treasury Department • Internal Revenue Service • tax breaks • Wall Street bailout • TARP • TARP repayment

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More Newser Stories

Taxpayers Will Score $12B on Citigroup Bailout: Treasury

Government strikes deal to sell remaining 2.4B shares

Citigroup to Repay $20B in TARP Loans

Will issue $17B in common stock to meet capital requirements

Citi, Wells Fargo Clash With Feds Over Repaying TARP

Fed, Treasury want banks to raise more capital first

Feds Look to Unload Citi Stake, Collect $8B

Dumping 27% stake would be 2nd-largest offering ever

To Spur Bank Execs to Act, Mess With Their Pay

Compensation limits have prompted swift TARP repayment

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