WASHINGTON–The Government Accountability Office has cited a number of insurance companies, including American International Group, as having subsidiaries in areas classified as tax-havens.
The list mentions property-casualty insurers, life insurers and health insurers including Berkshire Hathaway, the Hartford, MetLife, Travelers and United Health.
The report was requested by Sens. Byron Dorgan, D-N.D., and Carl Levin, D-Mich., as part of their continuing effort to more tightly control the use of offshore tax havens to reduce their U.S. taxes.
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