Will Amazon’s work to kill Seattle tax spook other cities?
A tax on large companies such as Amazon that was meant to fight a growing homelessness crisis got rolled back during a raucous Seattle City Council meeting that exposed divisions over how much companies that have fueled booming economies should help pay to alleviate the downsides of success. People shouted, “Stop the repeal,” as others unfurled a large red banner that read, “Tax Amazon.” An opposing group held “No tax on jobs” signs. The vote showed Amazon’s ability to aggressively push back on government taxes, especially in its affluent hometown where it’s the largest employer with more than 45,000 workers and where it has been criticized for contributing to a widening income gap.
Source:: https://finance.yahoo.com/news/amazons-kill-seattle-tax-spook-other-cities-060835442–finance.html
