Mass. Labor-Community Coalition Protests Corporate Tax Scofflaws at Financial District Demonstration

April 22, 2011 -- Louisa Abada

 

Mass. Labor-Community Coalition Protests Corporate Tax Scofflaws at Financial District Demonstration
by Jason Pramas

BOSTON/Financial District - Over 500 union members and community allies held a protest on the Rose Kennedy Greenway adjacent to the 1 International Place complex on Thursday April 14th to protest corporate tax breaks and demand a progressive tax system and job creation programs in Massachusetts. Organizers said they held the event near International Place because it houses or is near the Boston headquarters of State Street Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Deutsche Bank and Barclays. They pointed out that State Street was about to receive an $885 million dollar tax refund despite $1.55 billion in profits a short time after being bailed out by the US government, and that major corporations like General Electric will be paying zero taxes this year - even as American government is struggling to make ends meet at every level for lack of funds...Open Media Boston