Boston Investment Co. v. City of Boston

These three cases all present the same questions. Each of the plaintiffs is a corporation organized under the laws of another State, having an office and doing a large part *462of its business in Boston in this Commonwealth. Each of them has paid to the defendant, under protest, a tax assessed on money deposited by it with a national bank in Boston, and the question is whether the defendant could legally assess such a tax.

The defendant in its argument relies solely on the Pub. Sts. c. 11, § 20, which provide that “All personal estate, within or without the Commonwealth, shall be assessed to the…