Thursday, July 30, 2009

IBM Buys Itself More Tax Breaks in Massachusetts

Even if they don't want them....

Related:
IBM Shines Sun Up Massachusetts' Ass

IBM Moves 5,000 U.S. Jobs to India

"IBM buys a Waltham firm" by Chris Reidy, Globe Staff | July 29, 2009

With the acquisition, IBM has nearly 5,000 employees in Massachusetts, a spokeswoman said.

In 2007, IBM disclosed plans to buy Cognos Inc., a Canadian software company with US headquarters in Burlington, for nearly $5 billion. In 1995, IBM acquired Lotus Development Corp., of Cambridge, for $3 billion.

--more --"

Oh, NOW so MANY THINGS are MAKING SENSE!

FLASHBACK:
"$5m in tax breaks going to IBM for Littleton project

The Massachusetts Economic Assistance Coordinating Council approved $5 million in state and local tax breaks for IBM Corp., which recently began a $63 million expansion in Littleton. IBM vice president Bob McDonald said the company plans to create 42 jobs at the site over the next decade. McDonald said the computer giant, based in Armonk, N.Y., has already begun renovating a building and hopes to move into it next month. McDonald said the tax incentives were important, but the company would have gone forward with the expansion without them. IBM has 4,000 employees in Massachusetts, including about 2,000 in Littleton (Boston Globe October 30 2008)."

Excuse me?

A $5 MILLION TAXPAYER GIVEAWAY that IBM DIDN'T EVEN WANT?


Related: The Stinky Speaker of the Mass. Statehouse